US-based digital trading technology DriveWealth has announced that its technology and brokerage execution services have been selected by Revolut for its commission-free stock trading service.

DriveWealth CEO Robert Cortright said, “Our new partnership with Revolut is another exciting manifestation of our vision to make the U.S. equity markets easily accessible to investors of all sizes in any country. We are thrilled to play a role with this extraordinarily forward-thinking and successful company in empowering millions of customers – who already enjoy Revolut’s great digital financial products – with an intuitive, low-cost U.S. stock investing experience.”

According to the supplier, the solution is expected to provide Revolut’s European customers with easy access to the US markets. Drivewealth’s partnerships with firms across six continents include the provision of customizable APIs that allow partners to provide investment capabilities to their clients.

“Thanks to our innovative partnership with DriveWealth, we have been able to democratize stock trading across the UK and Europe. Together, we have broken down the barriers of entry and built a truly inclusive product,” said Nik Storonsky, Founder & CEO of Revolut.

by Megha Bhattacharya
Market Analyst at IBS Intelligence
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