Revolut Plans UK Private Banking Unit With £500,000 Threshold
Revolut Plans UK Private Banking Unit With £500,000 Threshold – Expanded FCA Permissions Enable Managed Crypto Portfolios
Key Takeaways
- Revolut plans to launch a UK private banking unit with a £500,000 deposit threshold.
- The Financial Conduct Authority has granted Revolut Trading permission to offer leveraged products and discretionary portfolio management.
- More than 10 million Revolut customers hold or trade crypto within the app.
- Revolut secured a UK banking licence in March 2026 and a MiCA licence through Cyprus for crypto services across 30 EEA markets.
- Wealth revenue rose 31% to $876 million in 2025, with crypto activity cited as a meaningful driver.
Revolut Targets Mass-Affluent Clients With £500,000 Entry Point
Revolut is reportedly preparing to launch a private banking unit in the United Kingdom this summer, aimed at clients able to deposit at least £500,000, or about $630,000. The planned service would position the company between its existing retail offering and traditional private banks.
The proposed threshold targets so-called mass-affluent customers. This segment typically falls below the entry requirements of established private banks. Recent examples illustrate that gap. Coutts has moved its minimum requirement to £3 million, while UBS sets a bar of £1 million in investable assets. A £500,000 requirement would therefore sit well below these levels.
For users of crypto and online investment platforms, this structure signals a potential pathway from app-based retail services into more formal wealth management within the same ecosystem.
FCA Approval Expands Scope for Leveraged and Managed Products
The planned expansion follows new permissions granted by the UK Financial Conduct Authority to Revolut Trading. According to the reported details, the regulator has authorised the company to offer leveraged products, discretionary portfolio management and sophisticated investment services.
These permissions allow Revolut to build managed portfolios that combine multiple asset classes. The structure may include crypto exposure alongside traditional financial instruments, as well as staking and other managed solutions. The services would operate within a regulated environment.
Revolut received its UK banking licence in March 2026. Under that framework, deposits are covered by the Financial Services Compensation Scheme up to £120,000 per client, equivalent to about $160,000. For clients considering larger allocations, this regulatory backdrop forms part of the overall risk assessment.
For crypto holders, the ability to access leveraged and discretionary strategies within an FCA-supervised entity marks a structural difference compared to unregulated or offshore platforms.
Crypto Activity Remains Central to Revolut’s Wealth Business
Crypto services are already embedded in Revolut’s product offering. The company reports that more than 10 million customers hold or trade cryptocurrencies within the app.
Its dedicated trading platform, Revolut X, lists more than 250 tokens. The exchange offers zero maker fees, API access, TradingView charts and what the company describes as deep liquidity for active traders. These features position the platform for users who require more advanced trading tools than a standard retail interface.
Financial results underline the relevance of this segment. Wealth revenue increased 31% to $876 million in 2025. According to the company’s annual report, crypto activity was a meaningful driver of that performance. In 2024, the wealth segment grew by nearly 300% before growth normalised in the following year. Revolut also reported $2.3 billion in pre-tax profit for 2025, marking its fifth consecutive year of profitability.
The proposed private banking unit would extend these services to clients holding six and seven-figure positions, many of whom may already maintain substantial crypto allocations within the platform.
MiCA Licence Provides Access Across 30 EEA Markets
Beyond the UK, Revolut has secured a Markets in Crypto Assets licence through Cyprus. This authorisation enables the company to passport its crypto services across 30 European Economic Area markets.
For users operating across jurisdictions, this structure supports a unified crypto offering within the European regulatory framework. It also allows Revolut to align its crypto services with evolving EU standards under MiCA.
Combined with its UK banking licence and new FCA permissions, the company now holds multiple regulatory approvals covering both traditional financial services and crypto activities.
Positioning Ahead of Potential Public Listing
The reported launch of a private banking arm comes as Revolut positions itself ahead of a potential Nasdaq listing in 2028. Reports indicate a valuation target in the range of $150 billion to $200 billion.
Expanding into private banking would diversify revenue streams and deepen relationships with higher-balance clients. For crypto users in particular, the integration of managed wealth services within a regulated banking structure could reduce the need to transfer assets between separate platforms for trading, custody and advisory services.
How regulators treat leveraged crypto exposure inside a regulated private banking framework will shape the development of this model. The next phase will depend on how these services are implemented under existing UK and EU rules.
Our Assessment
Revolut’s reported plan to launch a UK private banking unit with a £500,000 threshold builds on newly granted FCA permissions and existing crypto infrastructure used by more than 10 million customers. The company now combines a UK banking licence, expanded investment permissions and a MiCA licence covering 30 EEA markets. Together, these elements create a regulated framework for offering leveraged and managed portfolios that may include crypto assets to mass-affluent clients.
