Revolut’s Announcement
Revolut is set to close its precious metals trading service across most European countries, with a firm deadline for users to sell their holdings by June 15, 2026. This shift will impact customers throughout the European Economic Area (EEA), including nations such as Bulgaria, Germany, Lithuania, and Romania. The decision has raised questions and concerns among many users who utilize this service.
Reasons Behind the Withdrawal
The company has suggested that this strategic move stems from an internal review of their services. Reports indicate that the precious metals trading service may have been unprofitable, likely due to high operational costs and low trading volumes. Thus, it was determined that maintaining this offering was not commercially viable.
What Affected Customers Should Do
For those holding precious metals, it is essential to act swiftly to avoid automatic liquidation of assets post-deadline. Customers can sell their holdings without incurring trading fees, as Revolut plans to refund all associated commissions. Any balances left after June 15, 2026, will be automatically sold at the prevailing market price, with funds credited directly to users’ main accounts. Importantly, Revolut’s changes do not affect existing bank accounts, cards, or other investment services.
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