Revolut’s Crypto Exchange Goes Live for Experienced Traders

As a seasoned crypto investor with a few years of experience under my belt, I’m always on the lookout for new and innovative platforms that can add value to my investment journey. The news that digital bank Revolut is launching its standalone crypto exchange, Revolut X, has piqued my interest.

Expert: Professional cryptocurrency traders now have access to Revolut X, the crypto trading platform offered by digital bank Revolut.

As a financial analyst based in London, I can share that Revolut, a financially inclusive tech company with over 40 million global users, is expanding its offerings with the introduction of Revolut X. This new platform aims to challenge the dominance of major cryptocurrency exchanges in the market.

For several years, Revolut enabled its users to buy and sell cryptocurrencies through its platform. In February, they announced plans to introduce a dedicated exchange feature.

The independent trading platform is specifically engineered to allure users into conducting trades through it instead of using the Revolut app, as it provides reduced fees. According to an email communication on Tuesday, Revolut will levy no charges for the trader initiating a transaction and merely 0.09% for the party receiving it.

As a researcher studying the financial technology industry, I’ve noticed that while some institutions provide cryptocurrency trading services to their clients, Revolut has taken a unique approach by developing a dedicated crypto exchange specifically designed for this purpose.