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Revolut Expands Crypto Exchange Across EU After Successful Launch in UK
Tens of thousands of traders have been using the bank’s crypto exchange in the UK, a spokesperson said.
Updated Nov 13, 2024, 10:12 a.m. Published Nov 13, 2024, 10:02 a.m.
- Revolut's crypto exchange will be rolled out across the European Union after launching in the UK earlier this year.
- The exchange offers zero fees for limit orders and 0.09% fees for market orders.
London-based digital bank Revolut is expanding access to its crypto exchange across the European Union, it announced Wednesday.
Revolut X launched for professional crypto traders in the UK in May, expanding its crypto offering beyond the simple buy and sell features present within the original app.
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Now, users across 30 European countries will be able to trade over 200 tokens on the standalone app. Revolut has more than 40 million customers worldwide.
“Revolut X’s expansion is a key milestone in the global financial app’s ambition to become the go-to trading platform for crypto beginners and pros alike,” according to a press release.
“The feedback from experienced traders has been very positive, with many already taking advantage of our near-zero fees, wide range of available assets, and seamless integration with their Revolut accounts,” said Leonid Bashlykoc, head of product at Revolut.
A press representative for the firm told CoinDesk that tens of thousands of traders are currently using the app in the UK. The app charges comparably low fees – zero to the maker of a trader and 0.09% to the taker.
The crypto-friendly bank aims to become a safe harbor for the crypto community by taking a compliance-first approach. In addition to starting a crypto exchange, it has also most recently announced that it intends to issue its own stablecoin.
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