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Digital Bank Revolut’s cryptocurrency exchange goes live for experienced traders
Digital bank Revolut’s Revolut X cryptocurrency exchange is now available to professional cryptocurrency traders.
London-based Revolut, which has more than 40 million customers worldwide, developed Revolut X to compete with major cryptocurrency exchanges.
The standalone exchange is designed to entice users to trade through it rather than buying and selling with the Revolut app by offering lower fees. Revolut will charge zero commission to the originator of a trade and 0.09% to the buyer, according to an announcement emailed Tuesday.
While some banks offer cryptocurrency trading to customers in some way, Revolut is among the first to build a standalone cryptocurrency exchange for this purpose.