Revolut, a British fintech company, is exiting the precious metals market in most of the European Union (EU). By June 15, 2026, all remaining positions in gold, silver, platinum, and palladium will be automatically liquidated at market price. This decision affects customers in over 30 EU markets, but not those in the UK.
The company's focus on crypto assets is a major factor behind this move. Revolut obtained its MiCA license through Cyprus last October, allowing it to operate legally throughout the EU. The launch of Revolut X, an advanced exchange offering more than 200 tokens and 400 trading pairs, has also contributed to the shift.
Analysts suggest that the low profitability of metals was a key motivator for Revolut's decision. While metals trading volumes have been stagnant, crypto asset trading has become a major revenue driver for the company. The move towards prioritizing high-volatility assets reflects a broader trend in the digital financial sector.