Investing.com – Revolut said Friday it will wind down its commodities product in some European countries, giving customers 60 days to sell their holdings of , , and .
According to a report from Reuters News, the British finance app declined to specify which countries will lose access to the service or provide a reason for the decision. A company spokesperson told Reuters that said the change affects only a small group of customers.
Customers in affected countries will be contacted directly and will receive refunds of commission fees. All other Revolut products and services remain unchanged, the spokesperson said.
London-based Revolut reported in its annual report that it held around 739 million pounds ($997 million) invested in precious metals in 2025 to hedge exposure to price volatility in customer holdings, up from 199 million pounds the previous year. The company did not provide a country-by-country breakdown of these holdings.
Revolut has applied for a banking license in France as it seeks to expand in Europe. The company currently offers banking services in the European Union through its license from Lithuania.
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