London-based digital bank Revolut is broadening access to its crypto exchange throughout the European Union, having successfully launched in the UK earlier this year.
- The new exchange offers zero fees on limit orders and a nominal fee of 0.09% on market orders.
- Following feedback, the platform has attracted significant user engagement, with tens of thousands of traders utilizing the app in the UK.
In May, Revolut X was introduced for professional traders in the UK, providing an enhanced service that goes beyond basic buying and selling capabilities found in the original app. Now, users in 30 European nations can access over 200 trading tokens within this standalone application. With a customer base exceeding 40 million globally, Revolut aims to serve both novice and experienced traders.
"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.
Revolut is positioning itself as a compliant haven for the crypto community and plans to launch its own stablecoin in the near future.