World Crypto Global
- Written by: Tareq Sikder
- Tue, 07 May 2024
- Israel
London-based digital banking firm Revolut has introducedRevolut X, a cryptocurrency exchange tailored for professional traders, markingthe institution as the pioneer in developing a dedicated platform forcryptocurrency trading within the banking sector.Crypto Offerings with New Exchange PlatformWith a user base of 40 million worldwide, Revolut hasalready facilitated cryptocurrency transactions through its Revolut App.However, the decision to unveil a separate crypto exchange was disclosed inFebruary, aiming to provide a more specialized trading experience.The newly launched exchange offers customers the advantageof trading directly from the platform, ensuring lower transaction fees. Feestructures have been delineated, with makers incurring zero charges and takersfacing a nominal fee of 0.09%.Revoluts Head of Crypto Exchange Product, Leonid Bashlykov,said: We are excited by the introduction of our new crypto product and believethis top-tier trading platform will change the game for experienced cryptotraders, providing them with a safe and accessible place to trade.Integration for UK Customers into Crypto TradingThe platform, now available on desktops for UKcustomers holding Revolut retail accounts, features digital assets alreadypresent on the Revolut retail app, including Bitcoin, Ethereum, and XRP, withplans for further expansion.Revolut launches its new exchange, #RevolutX, designed for experienced traders with 0% maker fees and powerful analytical tools These tools are far more advanced than their traditional app, tailoring Revolut X for high-volume trading strategies pic.twitter.com/U7y0SuLpdR BrotherHood (@BHVenture) May 7, 2024Customers with existing UK Revolut retail accounts can accessthe new crypto exchange using their current credentials. Additionally, they canexecute crypto-to-fiat and vice versa transactions between Revolut X andRevolut at no extra cost. Educational resources integrated within the Revolutapp further promote responsible trading practices among users.Prior to this launch, Revolut had been enhancing itsplatform, including the recent introduction of Revolut Ramp in collaborationwith MetaMask. This integration, unveiled in March, streamlines the process ofpurchasing cryptocurrency for Revolut clients, accessible through MetaMask'smobile app, browser extension, or portfolio.Revolut users can now expand their MetaMask self-custodywallet with minimal fees using their Revolut account or Visa/Mastercard creditor debit cards, as outlined in the release on the company's blog page.This article was written by Tareq Sikder at www.financemagnates.com.
