Revolut Closes Gold & Silver, Crypto Thrives – What’s Next? (Spoiler: Profits)

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Revolut, the financial equivalent of a wizard who’s suddenly decided that magic is too risky, has announced it will shut down its precious metals trading service across the European Union on June 15, 2026. The move ends customer exposure to gold, silver, platinum and palladium in nearly every EEA market. Meanwhile, its crypto business keeps growing, because apparently, digital tokens are the new alchemy.

The fintech cited Clause 6.5 of its Terms of Business and gave customers two months notice. Positions remaining after June 15 will be liquidated automatically at market rates. One might assume this is a precaution against market volatility, but given Revolut’s track record, it’s more likely they’re preparing for a surprise visit from the Financial Fairy Godmother.

A quiet wind-down for commodities

Affected customers received in-app notifications citing a recent product review. One can only imagine the dramatic orchestral swell that accompanied the message: “Your gold is no longer welcome here.”

I got this notification as well.

I agree with your reasoning, and I guess it makes sense.

Yet, in the current environment, these assets are kinda good to have…

– Linas Beliūnas (@linasbeliunas) April 24, 2026

Holdings can be sold manually in the app until the deadline. Commission fees charged during sales or forced liquidation will be refunded as a one-off payment after June 15. A refund so generous, it’s almost as if they’re apologizing for the inconvenience of not letting you hoard silver anymore.

The shutdown spans more than 30 European Economic Area markets, including Germany, France, Italy, Spain, Ireland and Poland. Revolut’s UK entity still offers precious metals trading, leaving a two-track structure between its British and European customer bases. One wonders if the UK is now the last bastion of financial sanity, or just a particularly stubborn alchemist.

No new sign-ups are allowed, and existing users cannot increase open positions. The service launched years ago. Silver was added to the EEA line-up in 2020, with gold, platinum and palladium following. A timeline as predictable as a dragon’s nap.

Crypto Moves the Other Way

The wind-down stands in sharp contrast to Revolut’s trajectory in digital assets. In October 2025, the company secured a Markets in Crypto-Assets (MiCA) license from the Cyprus Securities and Exchange Commission. The authorization grants passportable access to 30 EEA markets. One might say they’ve finally mastered the art of turning lead into gold-or at least, into blockchain.

Revolut X, its advanced crypto exchange, rolled out to those same markets earlier this year. It offers more than 200 tokens and over 400 trading pairs. A digital marketplace so vast, it’s practically a parallel universe.

The company also launched fee-free stablecoin-to-USD conversions under the new license. A gesture so generous, it’s almost as if they’re trying to convince us that crypto is the future-and also, that they’re not just another financial institution with a fancy hat.

Revolut reported $6 billion in 2025 revenue and $2.3 billion in pretax profit. Crypto was cited as a primary growth driver. One might say they’ve found the holy grail of finance: a product that’s both profitable and, apparently, less likely to melt in your hand.

Our 2025 pre-tax profit of $2.3B marks our fifth straight year of profitability.

We’re proving that high-speed innovation and financial sustainability go hand-in-hand.

This resilience is powered by a diversified ecosystem: 11 of our business and retail products each generated…

– Revolut (@Revolut) March 24, 2026

The Takeaway for Fintech Users

Early Revolut investor Max Karpis framed the shutdown as a commercial rather than regulatory decision. He pointed to low volumes and thin margins as the likely trigger. That view is supported by the absence of any supervisory action. Revolut invoked a standard contractual termination clause. One might say they’ve mastered the art of corporate exit strategy, but it’s more likely they’re just tired of explaining why silver isn’t as exciting as Bitcoin.

“This looks like a commercial decision rather than regulatory pressure,” stated Karpis.

Some users agree with the commercial view, while others argue that metals still have a place in current portfolios. A debate as old as the concept of money itself, and just as likely to end with someone shouting, “You’re all missing the point!”

Karpis also flagged exchange-traded funds as a natural replacement for the lost exposure. A suggestion so obvious, it’s surprising no one thought of it earlier. Or perhaps they did, and decided that ETFs are just too… ordinary.

Yes I totally agree. Truly I don’t know why they doing it.

I know there are implications, but ETFs could be an alternative, no?

– Max Karpis (@maxkarpis) April 24, 2026

For affected customers, Bitcoin, spot gold ETFs, and dedicated brokerages with allocated metal remain external alternatives. A list as varied as a wizard’s spellbook, but with fewer dragons.

The episode highlights a recurring fintech trade-off. App-based exposure is convenient, but it can be withdrawn quickly when the economics stop working. A reminder that in the world of finance, nothing is ever truly safe-except, apparently, for the people who make the decisions.

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2026-04-24 14:37