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Revolut Moves Forward With UK Bank Launch as License Limits Are Removed

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Revolut Moves Forward With UK Bank Launch as License Limits Are Removed


Revolut is launching in the UK.

The popular crypto-friendly digital bank Revolut announced today that it will be launching its UK bank.

According to the firm’s official statement, the Prudential Regulation Authority (PRA) has decided to lift the restrictions on Revolut’s banking license.

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With that out of the way, the launch of the local bank comes with an already existing user base of more than 13 million UK customers. Moreover, it follows the firm’s recent commitment to invest as much as $4 billion and create at least 1,000 high-skilled jobs in the country.

Speaking on the matter was the co-founder and CEO of Revolut, who said:

“Launching our UK bank has been a long-term strategic priority for Revolut, and marks a significant moment in our journey. The UK is our home market and central to our growth. We look forward to introducing a full suite of banking services to our millions of UK customers, bringing the same innovative experience we already provide across the rest of Europe. This is a vital step in our mission to build the world’s first truly global bank.”

According to the announcement, the rollout will be gradual, starting in a few days with a small group of existing customers and expanding over the coming weeks.

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Crypto World

RootData’s project claiming feature lifts transparency scores and traffic

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Coin Center presses Senate to keep dev protections in BRCA bill

RootData’s project claiming lets teams verify and manage profiles, lifting transparency scores over 30% and driving a 220% jump in heat and visibility across 220+ partners.

Summary

  • RootData says more than 20 well‑known projects, including Bitway, Flock, Morph, and Solv, have claimed their profiles in the past week.
  • Certified projects that complete information updates see average transparency scores jump over 30%, driving a 220% surge in RootData “heat value” and visibility.
  • Over 120 projects have now been certified, gaining direct control over tokenomics, investor and team data, and syndication to more than 220 downstream data partners.

Web3 asset data platform RootData reports that adoption of its project claiming feature is accelerating, with more than 20 recognizable names — including infrastructure and DeFi projects like Bitway, Flock, Morph, and Solv — formally “settling in” over the past seven days. As the company notes in its latest update, projects that complete the claim process and supplement missing fields are seeing their comprehensive transparency scores rise by an average of more than 30%, a shift that in turn pushes their RootData “site heat value” up by roughly 220%. RootData says the move is already “greatly enhancing community trust and market attention,” with the total number of fully certified projects now exceeding 120.

According to RootData’s explainer and posts on X, the project claiming feature allows official teams to “claim your project for free, get verified, and directly manage & update” key datasets on their dedicated pages. That includes token economic models, investor lists, core team members, roadmap and milestones, as well as calendar events such as TGE dates, exchange listings, and governance votes. Once verified, teams can push updates through a one‑click sync system that RootData says distributes changes in real time to more than 220 partner platforms, ranging from exchanges and wallets to research terminals and media dashboards.

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RootData’s transparency score, which it describes as measuring the “completeness and timeliness of project information,” is central to this approach. In prior analysis shared via a transparency alert, the platform highlighted that spot tokens with higher average disclosure levels (around 74.7%) tend to show shallower drawdowns and stronger rebounds than lower‑disclosure “Alpha” tokens (around 62.7%), arguing that better information reduces room for teams to exploit asymmetry with retail investors.

That framing has led RootData and commentators on Binance Square to urge teams to treat disclosure quality as a competitive advantage rather than a compliance chore. A recent post amplified by ChainCatcher put it bluntly: projects missing core information on financing, tokenomics or team composition risk being flagged as “black box” listings and deprioritized by sophisticated users and data aggregators.

In contrast, projects that claim profiles and keep them up to date now benefit from higher transparency scores, stronger on‑site heat rankings, and broader syndication across RootData’s data network — an increasingly important distribution channel in a cycle where listing venues, VC desks and retail traders all lean heavily on third‑party dashboards to filter signal from noise.

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Crypto Derivatives Hit $18.6T In Q1 2026: CoinGlass

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Crypto Derivatives Hit $18.6T In Q1 2026: CoinGlass

Binance maintained its leading position in crypto derivatives trading in the first quarter of 2026, while decentralized exchange Hyperliquid broke into the top 10 venues by volume, according to CoinGlass.

Derivatives trading remained the dominant force in the crypto market in Q1 2026, totaling $18.6 trillion compared with $1.94 trillion in spot trading, according to a CoinGlass report on Friday.

The analysts said trading activity remained strong over the quarter, though liquidity and capital became even more concentrated at the top. “Q1 was not about euphoria. It was about recovery, concentration, and shifting market structure,” CoinGlass said.

The data shows how a small group of exchanges continue to dominate crypto derivatives, even as decentralized platforms begin to emerge as competitors.

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Binance handles $4.9 trillion in derivatives versus $640 billion in spot

Binance processed about $4.9 trillion in derivatives volume in Q1 2026, or roughly 35% of activity among the top 10 exchanges. In 2025, the exchange held about 29% of $85.7 trillion in total derivatives volume.

The exchange also dominated spot markets at a similar share, with Q1 volumes amounting to roughly $640 billion, or around 34% of total volumes among the top 10.

Source: CoinGlass

Binance’s dominance points to its resilience despite controversy during the quarter, after several crypto community members, including OKX founder and CEO Star Xu, alleged that it played a major role in the mass liquidation event of Oct. 10, 2025.

Related: Binance sues Wall Street Journal amid report of DOJ Iran probe

Binance repeatedly denied the claims, saying the crash was driven primarily by macroeconomic factors, market maker risk controls and network congestion.

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Hyperliquid enters top 10 as perpetual DEXs gain ground

Hyperliquid, a perpetual decentralized exchange, reached a key milestone in the first quarter of 2026, breaking into the top 10 derivatives exchanges by volume roughly three years after its launch.

The platform recorded about $492.7 billion in trading volume during the quarter, securing its place among the industry’s largest derivatives venues, including Binance, OKX, Bybit, Gate, BitGet, BingX, LBank, WhiteBIT and Coinbase.

Related: Wallet in Telegram launches perpetual futures trading with Lighter

The milestone comes after steady growth across previous quarters. In its 2025 report, CoinGlass said Hyperliquid nearly dominated the entire perp DEX sector, with its market share reaching up to 70% at times.

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Perp DEX activity also expanded rapidly in 2025, with volumes nearly tripling over the year and accounting for up to 90% of volumes across major derivatives exchanges.

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