Revolut, a leading digital bank, has launched a new product, Revolut X. It is a cryptocurrency exchange designed by professionals for professionals, offering users advanced trading features and full stack security.
Revolut X is already available for retail clients in the UK, Revolut neobank said in a blog post on May 7, 2024.
Revolut X features include:
1. Fees from 0%: On Revolut X, the maker's fee is 0% and the taker's fee is as low as 0.09%. This means that users can trade with minimal costs, regardless of the volume of trades.
2. Instant on and off ramp: Users can easily switch between fiat money and cryptocurrency with their Revolut account without commissions or restrictions.
3. High-level trading and analytics: Revolut X provides access to real-time trading of over 100 tokens using market and limit orders. Users can also access various technical indicators and analytical tools to make informed decisions.
4. A new era of exchange security: Revolut X offers complete protection for cryptocurrency assets, making it the safe choice for the more than 40 million users who trust Revolut.
Revolut X is available for use only on a laptop or computer browser, giving users maximum flexibility and accessibility to cryptocurrency trading tools.
"We are excited about our new crypto product and believe that this high-end trading platform will change the game for experienced crypto traders by providing them with a safe and accessible place to trade," said Leonid Bashlykov, Head of Crypto Products at Revolut.
"We understand that competitive fees, as well as ease of entry and exit, are what experienced traders want from a crypto platform," he emphasized.
It's worth noting that Revolut suspended its cryptocurrency services in the US in September 2023, citing "the changing regulatory environment and uncertainty surrounding the digital asset market."
The move has intensified the company's efforts to expand its services in Europe and the UK.
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