FCA Bans Crypto Derivatives for Retail Consumers in UK. What about Revolut?

Danny Scott, CEO and co-founder of the British crypto exchange CoinCorner, told Cointelegraph that the CFA decision “will affect companies like Revolut that offer a CFD rather than the asset itself.” What Revolut think of that?

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Is that really a CFD or is it just that Revolut buys and sell on your behalf without giving you the technical possiblity to export your coins?

According to their T&Cs, the 2nd.

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Hey there. To all that may be concerned about this topic, we have some great news from Revolut’s end. The ban does not affect Revolut’s cryptocurrency offering. The ban only applies to derivatives and exchange-traded notes (ETNs). Revolut doesn’t provide these products. Instead, we buy and hold crypto on our customers’ behalf. So our crypto service can continue, as it is.

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