Revolut to Roll Out Crypto Exchange Services Across 30 European Markets

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Since its launch in the UK, Revolut reports that its exchange has been utilized by tens of thousands of traders, granting them access to a selection of over 200 digital currencies. The platform offers commission-free limit orders and a low 0.09% transaction fee for market orders. The launch can be reviewed here: Revolut launches crypto exchange.

“The seasoned traders among our users have shared exceptionally positive feedback, predominantly regarding the advantages of our marginal fees, the diversity of digital tokens accessible, and the effortless integration between the exchange and their Revolut accounts,” remarks Leonid Bashlykov, the Crypto Exchange Product Lead at Revolut. “By rolling out Revolut X across Europe, we aim to leave a remarkable footprint in the realm of cryptocurrency trading, presenting ourselves as a potent contender to the more traditional platforms.”

Bashlykov adds that the company will prioritize adherence to regulatory compliance for their crypto services within the EU.

Revolut is keen on leveraging its existing banking infrastructure to carve a niche in the cryptocurrency market.

In September, the company launched specialized virtual crypto payment cards, allowing spends on daily goods and services. These virtual cards, integrated with Apple Pay and Google Pay, permit customers to make purchases both in-store and online using cryptocurrency – from high-value items to day-to-day essentials like the daily transit and morning coffee.

Furthermore, the crypto-enthusiastic bank is signaling its entry into the stablecoin space, aiming to grab market share from competitors such as Paypal, Ripple, BitGo, and Circle.