LONDON—Digital banking firm Revolut has introduced Revolut X, a cryptocurrency exchange it said is tailored for professional traders.
“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, Finance Magnates reported.
According to the report, 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%, Finance Magnates said.
‘Top-Tier Platform’
“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,” Revolut’s Head of Crypto Exchange Product Leonid Bashlykov said in a statement.
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