Revolut launches its own crypto exchange Revolut X

Revolut has just opened a stand-alone crypto-exchange in order to compete with the giants in the sector. Revolut X is initially available at United Kingdom and charges lower costs in comparison with the application.

This Tuesday, neobank Revolut announced the rollout of its standalone cryptocurrency exchange platform named Revolut X and aimed at its UK retail customers.

According to the fintech’s announcement, Revolut X aims to compete with the big crypto exchanges by charging low fees, namely 0% maker and 0.09% taker.

Revolut has been making it possible to invest in crypto via its mobile app for several years now. Thanks to this new platform, bitcoin and ether traders are now able to save on fees, which are still very high on its basic offering.

Revolut X offers the same assets as on its app. The latter lists around 150 tokens and recently added the same FLOKI and BONK coins. Customers can make free fiat or crypto transfers to and from the new platform.

“We are excited about the introduction of our new crypto product and believe that this leading trading platform will be a game changer for experienced crypto traders, providing them with a safe and accessible place to trade. We understand that competitive fees and easy ascent and descent are at the heart of what experienced traders expect from a crypto platform.” said Leonid Bashlykov, Director of Revolut X.

Revolut has not said if – or when – its new platform will be offered in other jurisdictions. Several UK customers reported this weekend that they had seen a banner featuring the exchange on the app.

#Revoluts new crypto exchange “for Pros” is called Revolut X. A promotional banner appeared in the Crypto section of the app. pic.twitter.com/LpOVGP750U

– Max Karpis (@maxkarpis) May 4, 2024

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