Fintech giant Revolut and Binance-owned Trust Wallet announced on Thursday that they are teaming up to make it faster and easier for users in Europe to buy cryptocurrencies without giving up control of their assets.
According to a press release shared with CoinDesk, the companies will launch an integration that will allow Trust Wallet users to purchase cryptocurrencies using RevolutPay, debit or credit cards, and bank transfers.
Users within the EU can deposit funds into their wallets instantly, and in some cases with zero fees. The press release said that unlike many other fintech-to-crypto services, users do not need to deposit their funds with a centralized exchange.
The cryptocurrencies will be sent directly to Trust Wallet, a self-custodial app used by more than 220 million people, according to the release.
The partnership comes as Revolut accelerates its focus on cryptocurrencies. The London-based fintech company reached a valuation of $75 billion last month in a secondary stake sale backed by companies including Coatue, Fidelity and NVIDIA’s NVentures. It also secured a MiCA license via Cyprus, giving it regulatory approval to provide cryptographic services across the European Economic Area.
The company reported sales of $4 billion and pre-tax profits of $1.4 billion in 2024, and is expanding globally with new banking licenses in Mexico and Colombia. In November, Revolut also collaborated with Polygon Labs to enable crypto transfers in USDC, USDT, and POL via the Polygon blockchain.
The initial rollout of the partnership with Trust Wallet will support Bitcoin, Ether, Solana, USDC, and USDT. More assets will be added in the future.