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Digital Banking Firm Revolut Distances Itself From FTX While Pushing for Crypto

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 Digital banking firm, Revolut is the latest one to distance itself from FTX. In an emailed statement, Revolut told users that it did not have “material exposure” to the bankrupt crypto exchange and it is still monitoring the situation while reminding the volatility associated with digital assets.

It is important to note that the FTX chief tweeted that users could transfer money in fiat currencies between his exchange and Revolut in June last year. Despite this, the latter’s spokesperson has confirmed that the company does not have any direct exposure to FTX.com or its sister trading firm Alameda Research. Additionally, Revolut has very little indirect exposure and does not allow trading in FTX’s native – FTT token.

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