Digital banking app Revolut is developing a standalone crypto exchange targeting sophisticated traders, according to an email seen by CoinDesk.
The new exchange platform will provide advanced analytics, reduced trading fees, and custom order capabilities beyond Revolut’s existing crypto services.
- Exchange touts 0-0.9% fees, limit order trading in customer invite
- Follows Revolut suspension of UK business crypto after regulation.
- Effort aims at expanding crypto offerings for the active user subset.
The email indicated users could expect trading fees between 0-0.09% to buy and sell crypto on Revolut’s exchange. Traders would also gain access to limit orders, allowing purchases at preset price targets.
“We’re launching a new crypto exchange, built with advanced traders in mind.” “You’ll find deeper analytical tools and lower fees than the app,” the email read.
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Revolut representatives confirmed to Blockworks that the firm is building a separate exchange product but refused to share additional details, noting it remains in early testing with invites going to select users initially.
Revolut announcement comes after UK pause
The launch comes soon after Revolut halted cryptocurrency transactions for UK business accounts in December amidst new British regulations governing crypto asset promotions.
Consumer crypto services continue, but Revolut presumably tailored the exchange approach to comply with the latest rules.
Industry sources cited by CoinDesk suggest the targeted audience extends beyond everyday retail traders to sophisticated investors.
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While Revolut already enables crypto buying and selling across its 30 million user base, the exchange represents a doubling down on more active crypto participants.
Features like lower fees and limit orders appeal to frequent traders requiring advanced controls compared to casual investors.
