Revolut online bank’s crypto exchange starts serving customers across Europe

The Revolut X platform was launched in May and initially served only UK customers

13.11.2024 - 15:25

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What’s new? UK-based online bank Revolut has expanded its cryptocurrency trading platform Revolut X and started serving traders in 30 new markets across Europe. The company said that with the expansion Revolut X aims to make a real impact on the crypto trading sphere and offer a reliable alternative to some of the more established platforms.

Material by The Block

What else is known? Revolut X customers must have a Revolut account in the European Economic Area (EEA) or the UK. They will be able to access over 200 cryptocurrencies, real-time analytics, and market monitoring tools integrated with TradingView charts.

The expansion will make Revolut X available in all 30 EEA countries, including Belgium, Cyprus, and Denmark.

The exchange is primarily aimed at professional traders due to its advanced functionality, but it is also available to retail clients.

It offers zero fees for makers and 0,99% fees for takers, as well as 24/7 support service.

The majority of Revolut X funds are housed in cold vaults at third-party custodians with risk monitoring tools to prevent security breaches, the company noted.

Revolut serves over 45 million customers worldwide, the bank began offering cryptocurrency trading services in 2017, and in May 2024 it launched Revolut X as a standalone crypto exchange in the UK.

In September, it was reported that Revolut was preparing to launch its own stablecoin. At the same time, it launched Revolut Invest, an asset management app with support for 5000 assets, including US and European stocks, exchange-traded fund (ETF) shares, bonds, and commodities.

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