Can Revolut’s stock trading make a difference in the US? 🤔; Twitter, Facebook, and Instagram all are jumping on the NFTs bandwagon 🚂; Plaid’s Cognito deal helps it move beyond its core offering 💸

Good Morning FinTech, January 21

Good morning Everyone,

And happy Friday! The week is almost over… But don’t chillax just yet as there 3 super hot FinTech stories that I’ve prepared for you today. In fact, these might be the best 3 stories of this week… Let’s go:

Can Revolut’s stock trading make a difference in the US? 🤔

The launch 🚀 FinTech heavyweight Revolut is rolling out stock trading in its app in the United States🇺🇸. Challenger bak already lets you buy and sell shares if you’re the UK or EU user, and now, the company has received approval to become a licensed U.S. broker-dealer in the U.S.

I’ve briefly covered this earlier this week, yet it’s an important development worthwhile to take a closer look at. So let’s go.

Unlocking features 🔐 With the launch, Revolut users will now be able to trade 1,100 securities, such as shares on the New York Stock Exchange and Nasdaq. The company will also offer access to 200 ETFs. When it comes to features, Revolut offers fractional shares and several order types, such as limit and stop-limit orders.

The competition 👀 This effectively puts the neobank in more direct competition against Robinhood, one of the leading retail brokers, Cash App, the rising FinTech giant, Webull, among others. Yet, it must be noted that over the past few years, Revolut has positioned itself more like a financial super app than just a challenger bank.

Zooming out, the most important question here is this - can Revolut’s stock trading really make a difference in the US and justify their ambitions? It’s not that simple… Here’s the takeaway👇🏼