Revolut Expands Crypto Exchange Across EU After Successful Launch In UK

As a seasoned researcher who has closely followed the digital banking and cryptocurrency landscape for years, I am thrilled to see Revolut’s strategic expansion of its crypto exchange across the European Union. Having witnessed the rapid growth and transformation of this sector, it is evident that Revolut’s move to cater to both beginners and experienced traders with their near-zero fees and wide range of assets is a game-changer.

The digital bank located in London, Revolut, has revealed plans to broaden the availability of its cryptocurrency trading platform throughout the European Union on Wednesday.

In May, an advanced version of the Revolut crypto trading platform, named Revolut X, was introduced specifically for experienced cryptocurrency traders based in the UK. This new iteration extends Revolut’s digital currency services beyond the basic ‘buy-and-sell’ functions available on their initial app.

Starting now, individuals residing in approximately 30 European nations can engage in trading over 200 digital tokens via a self-contained application. With a global customer base surpassing 40 million, Revolut is leading the way.

The growth of Revolut X marks an important step in the worldwide financial app’s aspirations to establish itself as the preferred trading hub for both crypto newcomers and experts, as indicated in a recent statement.

As the product head at Revolut, I’m thrilled to share that the responses from seasoned traders have been overwhelmingly favorable. It’s heartening to see that they’ve quickly grasped the benefits we offer, such as our nearly non-existent fees, extensive asset variety, and effortless integration with their Revolut accounts, which many are already utilizing.

A spokesperson for the company shared with CoinDesk that a significant number, estimated at tens of thousands, of UK-based traders are actively utilizing their app. Notably, this platform offers competitive pricing; it charges no fee to the trader who creates an order (maker) and a minimal 0.09% fee to the trader who fulfills an existing order (taker).

This crypto-focused financial institution aspires to serve as a secure refuge for cryptocurrency enthusiasts, prioritizing compliance above all else. Beyond launching a digital currency exchange, they’ve lately declared their intention to introduce their very own stablecoin.