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Revolut Winds Down Commodities Offering In Select European Markets

Revolut has announced the closure of its commodities trading service in selected European markets, giving affected users a limited period to exit positions. Customers holding precious metals will have up to 60 days to liquidate their assets.

Overview Of The Strategic Move

The change applies to a relatively small segment of Revolut’s customer base. Investments in gold, silver, platinum, and palladium will need to be sold within the specified timeframe. According to the company, the decision does not affect other core products or services.

Customer Guidance And Refund Policy

Affected users will receive direct communication outlining the process. Revolut has also confirmed that commissions linked to existing transactions will be refunded, reducing the cost of closing positions during the transition period.

Financial Strategy And Market Trends

Company disclosures show that Revolut held approximately £739 million (around $997 million) in precious metals, compared with £199 million a year earlier. These holdings were used as part of a broader strategy to hedge against market volatility. The move comes amid fluctuating commodity prices, particularly in gold, which has recently reached record levels before showing renewed volatility.

Implications For European Expansion

This development coincides with Revolut’s broader ambitions to extend its footprint in the European market. The firm is actively applying for a banking licence in France, supplementing its existing European Union operations that benefit from licence “passporting” via Lithuania. Investors and industry watchers will be keenly observing how these regulatory and strategic adjustments impact the company’s long-term growth trajectory.

A New Twitter-Inspired Social Network Is Taking Shape

A new social network called Twitter.now is entering the market, with a founding team that includes former Twitter trademark counsel Stephen Coates. The service is being developed by startup Operation Bluebird.

As Ars Technica reported, X sued the company last year and asked a Delaware judge to block the launch. Operation Bluebird argued in a petition that X had abandoned trademarks including “Twitter” and “Tweet.”

Coates has said the project is not an attempt to recreate the original Twitter. In a LinkedIn post, he described the platform as a new public space focused on trust, transparency and user choice.

AI System To Rate Posts

Twitter.now is currently being tested, with early access priced at $20. Its main feature is VERA, an AI system designed to evaluate posts, verify claims and provide sources and context.

Posts receive a trust score, with users eventually able to set a minimum score to filter their feeds. The company says this approach will give people more control over what they see instead of leaving those decisions entirely to an algorithm.

Moderation Remains A Challenge

Scaling moderation will be one of the platform’s biggest tests. Social networks have repeatedly struggled with content moderation as their communities grow, and newer platforms such as Bluesky have faced similar criticism.

Operation Bluebird says VERA will form the basis of its moderation and verification system. A second version is already planned, with expanded tools that would let users set a specific trust threshold for the posts appearing in their feeds.

For now, Twitter.now remains in an early testing phase, combining the familiarity of the Twitter name with an AI-driven approach to evaluating online information.

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