Revolut Unveils New Crypto Trading Platform ‘Revolut X’

As a researcher with a background in fintech and experience observing the evolution of digital currency exchanges, I’m excited about Revolut X. The company’s rapid growth since its launch in 2015 and expansion into crypto trading in 2017 is impressive. With over 40 million users worldwide, Revolut is making waves in the financial industry.

Since its introduction in 2015, the money transfer service, Revolut, has seen significant growth and added crypto trading to its offerings in 2017. With over 40 million users worldwide, Revolut continues to develop, aiming to challenge major cryptocurrency exchanges through its user-friendly interface and competitive pricing with the introduction of Revolut X.

UK users with Revolut retail accounts can access the platform from their desktops and trade over 100 different tokens. The fee structure for Revolut X is maker-friendly, with no charges for those initiating trades, while takers pay a flat rate of 0.09% per transaction, irrespective of trading volume. At its inception, the platform will support the same cryptocurrencies as the retail app, which includes Bitcoin, Ether, and XRP.

“By launching a separate crypto exchange, Revolut distinguishes itself from traditional banks providing cryptocurrency services, making it a trailblazer in the fintech industry’s exploration of digital currencies.”

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2024-05-07 13:08