London-based digital banking firm Revolut has introduced
Revolut X, a cryptocurrency exchange tailored for professional traders, marking
the institution as the pioneer in developing a dedicated platform for
cryptocurrency trading within the banking sector.
With a user base of 40 million worldwide, Revolut has
already facilitated cryptocurrency transactions through its Revolut App.
However, the decision to unveil a separate crypto exchange was disclosed in
February, aiming to provide a more specialized trading experience.
Leonid Bashlykov, Revolut’s Head of Crypto Exchange Product, Source: LinkedIn
The newly launched exchange offers customers the advantage
of trading directly from the platform, ensuring lower transaction fees. Fee
structures have been delineated, with makers incurring zero charges and takers
facing a nominal fee of 0.09%.
Revolut’s Head of Crypto Exchange Product, Leonid Bashlykov,
said: “We are excited by the introduction of our new crypto product and believe
this top-tier trading platform will change the game for experienced crypto
traders, providing them with a safe and accessible place to trade.”
Integration for UK Customers into Crypto Trading
The platform, now available on desktops for UK
customers holding Revolut retail accounts, features digital assets already
present on the Revolut retail app, including Bitcoin , Ethereum, and XRP, with
plans for further expansion.
Customers with existing UK Revolut retail accounts can access
the new crypto exchange using their current credentials. Additionally, they can
execute crypto-to-fiat and vice versa transactions between Revolut X and
Revolut at no extra cost. Educational resources integrated within the Revolut
app further promote responsible trading practices among users.
Prior to this launch, Revolut had been enhancing its
platform, including the recent introduction of Revolut Ramp in collaboration
with MetaMask. This integration, unveiled in March, streamlines the process of
purchasing cryptocurrency for Revolut clients, accessible through MetaMask’s
mobile app, browser extension, or portfolio.
Revolut users can now expand their MetaMask self-custody
wallet with minimal fees using their Revolut account or Visa/Mastercard credit
or debit cards, as outlined in the release on the company’s blog page.
London-based digital banking firm Revolut has introduced
Revolut X, a cryptocurrency exchange tailored for professional traders, marking
the institution as the pioneer in developing a dedicated platform for
cryptocurrency trading within the banking sector.
With a user base of 40 million worldwide, Revolut has
already facilitated cryptocurrency transactions through its Revolut App.
However, the decision to unveil a separate crypto exchange was disclosed in
February, aiming to provide a more specialized trading experience.
Leonid Bashlykov, Revolut’s Head of Crypto Exchange Product, Source: LinkedIn
The newly launched exchange offers customers the advantage
of trading directly from the platform, ensuring lower transaction fees. Fee
structures have been delineated, with makers incurring zero charges and takers
facing a nominal fee of 0.09%.
Revolut’s Head of Crypto Exchange Product, Leonid Bashlykov,
said: “We are excited by the introduction of our new crypto product and believe
this top-tier trading platform will change the game for experienced crypto
traders, providing them with a safe and accessible place to trade.”
Integration for UK Customers into Crypto Trading
The platform, now available on desktops for UK
customers holding Revolut retail accounts, features digital assets already
present on the Revolut retail app, including Bitcoin , Ethereum, and XRP, with
plans for further expansion.
Customers with existing UK Revolut retail accounts can access
the new crypto exchange using their current credentials. Additionally, they can
execute crypto-to-fiat and vice versa transactions between Revolut X and
Revolut at no extra cost. Educational resources integrated within the Revolut
app further promote responsible trading practices among users.
Prior to this launch, Revolut had been enhancing its
platform, including the recent introduction of Revolut Ramp in collaboration
with MetaMask. This integration, unveiled in March, streamlines the process of
purchasing cryptocurrency for Revolut clients, accessible through MetaMask’s
mobile app, browser extension, or portfolio.
Revolut users can now expand their MetaMask self-custody
wallet with minimal fees using their Revolut account or Visa/Mastercard credit
or debit cards, as outlined in the release on the company’s blog page.
