LATEST: Revolut Introduces New Crypto Trading Platform for UK Retail Market

Global fintech giant Revolut has unveiled Revolut X, a crypto trading platform specifically designed for professional traders, now available to UK retail customers. Since launching in 2015 and expanding into cryptocurrencies in 2017, Revolut has rapidly grown, with over 40 million users globally. Revolut X offers trading of over 100 tokens with fixed 0% maker and 0.09% taker fees, offering users seamless on/off-ramping and low fees, aiming to compete with leading crypto exchanges. It supports trading between fiat and crypto with no limits or fees for Revolut retail account holders.

The platform builds on Revolut’s previous crypto ventures, following its launch of Revolut Ramp in March, which allowed users to buy crypto directly into Web3 wallets through a partnership with Consensys. Revolut Head of Crypto Exchange Product Leonid Bashlykov emphasized the importance of competitive fees and accessibility for experienced traders.

Despite challenges in the regulatory landscape, particularly in the U.S., Revolut remains committed to expanding its crypto offerings, having recently ceased crypto trading services for U.S. customers while emphasizing that the decision does not affect global users outside of the U.S.

The Block

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