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
32
1 min
0
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.
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.
Useful material?
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Technologies
The company also unveiled its own blockchain adoption index
Nov 11, 2024