Revolut, the London-based digital bank with a global customer base exceeding 40 million, has officially launched its standalone cryptocurrency exchange, Revolut X. This new platform is aimed at experienced traders and is designed to compete with top crypto exchanges globally.

Revolut X: A Strategic Expansion in Cryptocurrency Trading Having facilitated the buying and selling of cryptocurrencies within its app for several years, Revolut announced in February its plans to open a dedicated exchange. This move makes Revolut one of the first banks to venture into creating a separate trading platform specifically for cryptocurrencies.

Competitive Fee Structure to Attract Seasoned Traders The newly launched Revolut X offers a compelling fee structure to attract professional traders, setting itself apart from other platforms. The exchange will charge no fees to the maker of a trade while imposing a modest 0.09% fee on the taker. This competitive pricing strategy is aimed at enticing users to choose Revolut X over trading within the Revolut app or other exchanges.

Revolut’s introduction of Revolut X reflects a significant step towards enhancing its offerings in the digital finance space, specifically targeting the growing market of expert cryptocurrency traders. This development is expected to position Revolut as a significant player in the crypto exchange industry.