December 20, 2024

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Cryptocurrency News

Revolut Introduces Independent Cryptocurrency Exchange: Revolut X

Revolut Building Dedicated Crypto Exchange for Advanced Traders

UK’s financial technology innovator, Revolut, has unveiled its independent digital asset trading platform, Revolut X, structured for cryptocurrency transactions.

Revolut X’s notable functionalities encompass:

  • A digital trading portal with over 100 cryptocurrencies accessible on the desktop iteration of Revolut X.
  • Competitive pricing with a mere 0.00% maker fees and a 0.09% taker fee structure.
  • Fluid exchange between Revolut’s consumer accounts and Revolut X.
  • On-the-dot transaction execution along with extensive analytic tools, inclusive of TradingView’s charting capabilities.
  • Strengthened fiscal safeguards which involve cold storage for assets and always-available customer care through secure messaging.

With features such as approachable liquidity ramps, aggressively low fees, and an intuitive design, Revolut X is poised to rival prominent exchange entities. Initially rolling out with a desktop version, the platform invites sophisticated cryptocurrency traders to harness its broad assortment of digital tokens and higher-order trading mechanisms.

Be informed: Binance Incurs $4.3 Million Fine From Canadian Authorities

Revolut’s new crypto exchange ensures effortless integration with its ecosystem

Revolut X guarantees a streamlined convergence with the Revolut framework. The platform allows current users the convenience of interchanging fiat and cryptocurrency without extra costs or restrictions.

Aside from competitive fees and its integrated approach, the platform offers various attributes. Users can engage in instantaneous trading, bolstered by sophisticated analytical tools including comprehensive market indicators and TradingView charting.

Also read: Consensys CEO Claims SEC Hampering Innovations Like Ethereum

The initiation of Revolut X trails the recent launch of Revolut Ramp, enabling direct crypto acquisitions in wallets via a MetaMask alliance. 

This development follows Revolut’s pause of cryptocurrency activities for its UK commercial clients in light of the new regulations on crypto asset advertisement. Preliminary buzz about the exchange’s debut surfaced as early as February.

Further reading: Binance Terminates Worker Over DWF Labs Market Tampering Findings

Vignesh Karunanidhi

Since 2017, Vignesh has been deeply immersed in the cryptocurrency sector. Boasting over half a decade of experience, he is proficient in creating and refining an array of crypto-oriented content, from news snippets to profound articles and thought-leadership blogs, all dedicated to the crypto and blockchain phenomenon.

Vignesh Karunanidhi

Milk Road Author

A cryptocurrency enthusiast since 2017, Vignesh’s pen has been active for over 6 years, delivering high-quality crypto content including news pieces, comprehensive analysis, and opinion articles designed to inform and educate about the exciting world of blockchain and cryptocurrencies.

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