Will Revolut Target Its 5 Million-User Market in France With CFDs Next?

UK-based fintech
giant Revolut has reached a major milestone in France, with 5 million users now
using the app, according to the company’s report today (Wednesday). “5 million
people, or 1 in 10 adults, in France now use Revolut France,” the company wrote.

The
milestone was achieved nearly a year after the fintech firm partnered with the publicly listed brokerage CMC Markets to bring access to FX, index, commodities,
treasuries, and equity CFDs, among its users.

On Track for 10 Million Users by 2026

“France is
one of our fastest-growing markets, with 200,000 new customers joining every
month. We’re on track to hit 10 million by the end of 2026, and 20 million by
2030,” Commented French-born Chief Growth & Marketing Officer, Antoine Le
Nel.

In a report by FinanceMagnates.com, Revolut shared the details of its agreement with CMC Markets, saying that under the collaboration, CMC Markets Connect will offer the back-end infrastructure, including trading, pricing, account systems, execution, and clearing.

Additionally,
users will reportedly have access to FX, index, commodities, treasuries, and
equity CFDs, initially under the deal, potentially expanding into other asset
classes as the relationship evolves.

“The partnership facilitates back-to-back trading with Revolut, along with a complete back-end integration,” commented Lord Cruddas, CEO of CMC Markets. “We look forward to supporting Revolut’s customers with access to our extensive trading universe.”

Expanding Presence in Europe

As early as 2021, Revolut had expanded its presence in continental Europe by launching banking services in France, Italy, and Portugal. The expansion followed another roll-out in ten other European countries, including Bulgaria, Croatia, Cyprus, Estonia, Greece, Latvia, Malta, Romania, Slovakia, and Slovenia.

⚡️ JUST IN: Revolut has launched a standalone crypto trading app, Revolut X, aiming to rival major exchanges and expand beyond Europe to the U.S. market. pic.twitter.com/UZCmmHJQQp

— Cointelegraph (@Cointelegraph) March 26, 2025

Meanwhile, after launching a dedicated crypto trading
platform for UK users last year, Revolut expanded the offering with a new
trading app, Revolut X. This addition positioned the fintech giant as a direct
competitor to major exchanges like Binance and Coinbase.

This article was written by Jared Kirui at www.financemagnates.com.