30s Summary

Revolut is expanding its crypto exchange, Revolut X, across 30 European countries. Initially launched in the UK, the exchange offers low fees (0.09% for market orders and none for limit orders), and now allows users to trade over 200 tokens. This is a significant step for the company, as it has over 40 million customers worldwide and aims to become the top crypto trading platform. They are also planning to issue their own stablecoin.

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Revolut is making its crypto exchange available throughout the European Union, following its successful launch in the UK. The exchange is great because it doesn’t charge any fees for limit orders and only a tiny 0.09% fee for market orders.

The London-based digital bank announced on Wednesday that it’s expanding access to its exciting crypto exchange across the EU. The professional-grade platform, called Revolut X, was initially launched in the UK for pro crypto traders in May. This separate app allowed advanced trading beyond the easy buy-and-sell crypto features in the basic Revolut app.

Now, the new service is hitting 30 European countries. Users in these countries can trade over 200 tokens. This is a big deal because Revolut has over 40 million customers around the world. The expansion has been described as a significant step in Revolut’s mission to become the leading crypto trading platform for both newbies and experts.

According to Leonid Bashlykoc, Product Boss at Revolut, expert traders have already given positive feedback about the new service. They’re thrilled by the low fees, vast available assets, and easy integration with their existing Revolut accounts. The company representative said that tens of thousands of traders are already using the app in the UK. It’s cool because the app charges extremely low fees – zero for the trader who makes a deal and only 0.09% for the one who takes it.

Revolut is really crypto-friendly and is keen to make things safer for crypto players by focusing on compliance. Besides launching its own crypto exchange, they’ve even announced plans to issue their own stablecoin.