Revolut announced that Standard, Plus, Premium and Metal customers in the EEA, Switzerland and the UK can now access Platinum and Palladium exposure through the Revolut app.
Revolut launched its commodity trading feature with exposure to Gold (Au) in March 2020. Three months later exposure to Silver (Ag) was added. Customers have used the opportunity to diversify their asset portfolio making gold and silver widely owned assets on the super-app. Today, Revolut decided to add two more precious metals, Platinum (XPT) and Palladium (XPD).
All precious metals are available via the Revolut app in the Commodities tab in the Wealth section. Customers can purchase and trade exposure to Gold, Silver, Platinum and Palladium, based on live market performance data which Revolut obtains through its specialized partner.
Any Platinum or Palladium exposure held by customers is backed up by real, physical XPT or XPD securely held by Revolut’s trusted precious metals services partner. Like Gold or Silver, Platinum or Palladium exposure can be transferred from one Revolut customer to another via the Revolut app, or converted instantly into cryptocurrency or e-money to make purchases.