{ }
Symbol RVMD
Name Revolution Medicines, Inc.
Currency USD
Sector Health Care
IndustryGroup Pharmaceuticals, Biotechnology & Life Sciences
Industry Biotechnology
Market NASDAQ Global Select
Country United States
State CA
City Redwood City
Zipcode 94063
Website http://www.revmed.com
Revolut has partnered with Binance to list Binance Coin (BNB) for its 40 million global users, despite BNB's recent price drop of 9.4% to $635, reflecting broader market trends. The listing is expected to enhance user engagement on both platforms, with BNB's trading volume increasing by 7.6% to over $3 billion. Analysts suggest potential support levels for BNB at $710, $650, and $632, with a long-term price target between $805 and $900 if buying activity remains strong.
Changpeng Zhao (CZ), founder of Binance, expressed his surprise at Revolut's recent decision to list BNB, the native token of Binance. This move is expected to enhance BNB's accessibility and attract more mainstream users, as Revolut serves over 40 million customers across Europe.In November, Revolut expanded its crypto exchange, Revolut X, to 30 additional European markets, offering competitive trading fees. Meanwhile, BNB Chain launched a bridge to connect with other blockchains, further promoting global crypto adoption under CZ's leadership.
Revolut has unexpectedly listed Binance Coin (BNB), prompting excitement from former Binance CEO Changpeng "CZ" Zhao, who noted this enhances global access and liquidity for the coin. This development reflects Binance's decentralized leadership and the organic growth of BNB's utility. Meanwhile, Revolut hints at launching a U.S. dollar-backed stablecoin, despite previous service cuts for other cryptocurrencies.
Revolut has partnered with Binance to list Binance Coin (BNB) for its 40 million global users, allowing trading with fiat and crypto. Despite the listing, BNB's price has fallen by 9.4% to $635, reflecting broader market trends, though trading volume remains robust at over $3 billion. Analysts suggest potential support levels and a long-term price target between $805 and $900 if buying activity increases.
Revolut has expanded its crypto offerings by supporting Binance Coin (BNB), surprising Binance co-founder Changpeng Zhao (CZ), who learned of the listing just before announcing it. Despite a 20% price drop over the past three weeks, technical patterns suggest BNB may be due for a correction, with ongoing developments in the Binance ecosystem potentially boosting its value.
Revolut has added Binance Coin (BNB) to its trading platform, a move announced by Binance CEO Changpeng Zhao, who expressed surprise at the listing. With a global user base of 40 million, one-third from the UK, Revolut continues to expand its cryptocurrency offerings alongside services like foreign exchange and international payments. The company, valued at $1.7 billion, has seen rapid growth, increasing from 1.2 million users in 2017 to 4.5 million currently.
Early investors and employees of fintech Revolut have sold nearly $1 billion in shares since August, following the company's acquisition of a limited banking license in the UK. Notable investors, including the Abu Dhabi sovereign wealth fund Mubadala and firms like Coatue and Tiger Global, participated in these secondary share sales. Revolut, valued at approximately $45 billion, reported 50 million global customers and $2.2 billion in revenue for 2023, with a pre-tax profit of $545 million.
Coinbase has announced plans to delist stablecoins, including Tether's USDT, that do not comply with the EU's Markets in Crypto-Asset Regulations (MiCA) by December 13. This decision aligns with MiCA's e-money authorization requirements, which necessitate regulatory approval in at least one EU member state.As Tether lacks the necessary authorization, Coinbase encourages users to convert to compliant alternatives like USD Coin (USDC). Meanwhile, the exchange continues to support EURC, a euro-pegged stablecoin, and will provide further updates on compliance strategies next month.
Revolut is rapidly expanding its user base, aiming for 100 million customers while entering the real estate lending market in Lithuania, Ireland, and France. Swiss fintechs like Neon and Yuh are also thriving, with innovative solutions and transparent pricing, fostering competition that benefits consumers. Digital pension providers, such as Viac, are revolutionizing investment accessibility, although the market remains dynamic and competitive.
Investors are eager for UK startup shares, with $50 million in unfilled orders for Klarna stock and Revolut employees waiting months to cash in over $500 million in holdings. Monzo also has a significant potential order book for its equity, highlighting a growing interest in secondary sales amid a stagnant IPO market.
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