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Revolut Witnesses Significant Jump in Crypto Demand Following Lockdown

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The British technology company Revolut reported that in April there was a surge of clients that traded cryptocurrencies. According to official data released by the company, the number of users that did so increased with an impressive 68%, likely due to the strict COVID-19 lockdown.

As of now Revolut’s total user base has reached 10 million people.

Since Bitcoin dropped hard back in March the company’s clients clearly saw an opportunity for an investment and by the end of April the total number of crypto bought by them spiked by 57% on average.

According to the company’s report, Bitcoin trading was the most popular, with Ripple and Ethereum coming in second and third, respectively. Bitcoin Cash and Litecoin share the fourth spot.

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This is not surprising, you buy when the price is low, not when it is high.

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