Overview
Revolut announced on Friday that it will discontinue its commodities offering for some customers in Europe. Users in the impacted countries will have 60 days to sell holdings of gold, silver, platinum and palladium, the company said.
Company statement and customer treatment
A Revolut spokesperson told reporters that the decision affects only a small group of customers. The company declined to identify which specific countries will lose access to the service and did not provide a reason for the change.
Revolut said it will contact affected customers directly and that commission fees will be refunded to those users. The firm also emphasized that all other Revolut products and services will continue as before.
Holdings disclosed in annual report
In its annual report, London-based Revolut disclosed that it held approximately 739 million pounds invested in precious metals in 2025 as a hedge against price volatility in customer holdings. That figure rose from 199 million pounds the previous year. The company did not provide a country-by-country breakdown of those precious metals holdings.
Regulatory and market context
Revolut is pursuing expansion in Europe and has applied for a banking license in France. At present, the company provides banking services in the European Union under a Lithuanian license.
Key points
- Revolut will wind down its commodities product in certain European countries, with affected customers given a 60-day period to sell precious metal holdings.
- The company will refund commission fees to customers in affected jurisdictions and says all other services remain unchanged.
- Revolut reported about 739 million pounds invested in precious metals in 2025, up from 199 million pounds the prior year; no country-level breakdown was provided.
Risks and uncertainties
- It is unclear which European countries will be affected, creating uncertainty for users and market observers in those jurisdictions.
- Customers holding gold, silver, platinum or palladium will need to liquidate positions within a 60-day window, potentially causing short-term portfolio disruption for those users.
- The company did not disclose reasons for the change or a regional breakdown of its precious metals holdings, leaving unresolved questions about the drivers behind the decision and the distribution of exposure.
Conclusion
Revolut's move to limit its commodities product to fewer European markets will prompt direct outreach to impacted customers and reimbursement of commission fees. The company has been increasing its allocated investments in precious metals according to its annual report, and it continues to pursue regulatory approval to expand banking operations in Europe.