Revolut just announced the outright discontinuation of its gold and silver trading service. The British neobank, which has millions of users across Europe, is nevertheless maintaining its crypto offering intact. A strategic choice that raises questions. 🤔
🔍 What's going on?
The platform has confirmed the closure of its precious metals trading services. Clients who held gold or silver through the app have been notified that they need to liquidate their positions.
Meanwhile, the entire crypto offering remains available without any changes. Bitcoin, Ethereum and other cryptos continue to trade normally on the platform. So we're seeing a clear strategic choice in the range of products offered.
💡 Why does this matter?
This withdrawal comes at a time when gold is hitting all-time highs. Currently, the yellow metal is trading around $4,694 per ounce, up 0.35% over 24 hours. Revolut is choosing to exit a booming market.
For French traders who were using Revolut as a gateway to precious metals, this is a clear signal. You'll need to turn to other platforms or ETFs if you want to maintain exposure to gold. Alternatives exist, but the ease of access is gone.
📊 Our take
We see here a purely commercial logic. Cryptos generate more volume, more fees, more user engagement.
Gold and silver, while stable and sought-after, attract a different investor profile. The one who wants to secure part of their capital over the long term. Revolut seems to prefer the active trader profile, the one who multiplies transactions on crypto and generates recurring revenue for the platform. It's an understandable business choice, but one that leaves out those who wanted to diversify simply. In France, neobanks like Trade Republic or eToro continue to offer access to metals through ETFs. Revolut loses an argument against this competition, especially in a context where the AMF encourages diversification of retail portfolios.
We think this decision will push some users toward competing platforms. For the French trader: if you want to maintain simple gold/silver exposure, look at PEA-eligible ETFs or traditional brokers that haven't abandoned this segment.
✅ Key takeaways
- Revolut is cutting gold and silver from its offering
- Cryptos remain available without changes
- Gold is currently at record levels
- You need to look elsewhere to trade precious metals
What do you think? Do you still use neobanks for trading, or do you prefer specialized brokers for precious metals?
🔎 Also worth reading
To learn more, find all our Commodities analyses on ActuTrading Commodities 📈
Source: Revolut, financial media
