TL;DR
Revolut ends gold and silver trading in Europe.
Crypto business grows while metals service disappears completely.
Commercial decision, not regulator pressure, drove the shutdown.
Revolut will close its precious metals trading service across the European Union on June 15, 2026. The fintech removes gold, silver, platinum, and palladium for all European Economic Area (EEA) customers. The company keeps the service only for its UK users while simultaneously accelerating its cryptocurrency business.
Revolut invoked Clause 6.5 of its Terms of Business and gave affected customers two months’ notice. Any open positions remaining after the deadline will liquidate automatically at market rates. Users can sell their holdings manually in the app until June 15. Revolut will refund commission fees charged during sales or forced liquidation as a one‑off payment after that date.
The shutdown covers more than 30 EEA markets, including Germany, France, Italy, Spain, Ireland, and Poland. Revolut does not allow new sign‑ups or increases to existing positions. The platform added silver in 2020, followed by gold, platinum, and palladium later.
While Metals Disappear, Cryptocurrencies Take the Lead
The wind‑down contrasts sharply with Revolut’s upward trajectory in digital assets. In October 2025, the company secured a MiCA (Markets in Crypto‑Assets) license from the Cypriot regulator. The authorization allows operations in 30 European markets without additional barriers.
Revolut X, its advanced crypto exchange, rolled out to those same markets in early 2026. The platform offers more than 200 tokens and exceeds 400 trading pairs. Revolut also launched fee‑free stablecoin‑to‑dollar conversions under the new license.
The numbers back the bet. Revolut reported $6 billion in revenue for 2025 and $2.3 billion in pretax profit. The company attributes growth mainly to its crypto unit, which now logs five consecutive profitable years.
Why close precious metals then? Early investor Max Karpis frames it as a commercial decision, not a regulatory one. He points to low trading volumes and thin margins as the trigger. No financial authority forced Revolut to withdraw the service. The company used a standard contractual termination clause.
Karpis also mentions exchange‑traded funds (ETFs) as a natural replacement for clients seeking gold or silver exposure. Some users agree with the commercial view, though others argue metals still belong in current portfolios.
External alternatives include Bitcoin, physical gold ETFs, and dedicated brokers offering allocated metal. But none of these options live inside the same app as everyday money.
The episode leaves a clear lesson for fintech users. App‑based exposure to assets feels convenient, but the service can vanish quickly when the economics stop working. Revolut built its business by adding products: accounts, cards, stocks, metals, crypto.
Now it cuts what does not pay. European customers lose one gateway to gold and silver. The same company that sold them the ease of investing in metals from their mobile device now tells them to look elsewhere.
Meanwhile, the crypto frenzy remains intact inside the app. The MiCA license opens the door to all of Europe. Revolut X pushes hundreds of tokens. The contradiction escapes no one: precious metals become surplus, cryptocurrencies hold value. At least according to the fintech’s bottom line.
