As an experienced financial analyst, I’m excited about Revolut’s latest move to launch Revolut X, a separate cryptocurrency exchange for professional traders. Having followed the digital banking industry closely, I’ve seen how traditional banks have struggled to keep up with the rapidly evolving crypto market. Revolut’s decision to create a dedicated platform for crypto enthusiasts marks a significant step forward in catering to this growing demand.
As a crypto investor, I’m excited about the latest development from Revolut, a digital banking firm based in London. They’ve recently introduced Revolut X, a dedicated cryptocurrency exchange specifically designed for professional traders like myself. This makes Revolut the first bank to offer such a platform, setting it apart from its competitors.
Unveiling Revolut X: A Dedicated Platform for Crypto Enthusiasts
A digital banking platform with over 40 million global users allows its clients to trade cryptocurrencies through its Revolut App. It was later revealed in February that they were planning to establish a dedicated crypto exchange.
With this new innovation, customers can now execute trades directly through it instead of utilizing the Revolut app, resulting in reduced fees for them. The fee structure is as follows: the trader initiating the deal will not incur any charges, while the counterparty accepting the trade will be assessed a fee of 0.09%.
As reported by Revolut, their latest endeavor aspires to challenge the dominance of established crypto exchanges. Commencing immediately, this advanced trading platform is accessible on desktops for all UK customers possessing a Revolut retail account. Initially, the following digital assets from the Revolut retail app will be featured on the new exchange platform: Bitcoin, Ethereum, and XRP. Further assets will be added in the upcoming months.
UK Revolut retail account users can effortlessly log into the new crypto exchange with their current login information. Additionally, they have the ability to convert crypto to fiat and fiat to crypto between Revolut X and Revolut without incurring any fees.
Enhanced Accessibility
The continual improvement of this app and the introduction of a cryptocurrency exchange demonstrate Revolut’s dedication to improving accessibility and convenience for its customers. By establishing a separate exchange platform and designing an intuitive user interface, Revolut enables its substantial user base to effortlessly engage in the crypto market. This addition will also allow traders to trade with ease on their mobile devices. Furthermore, the educational materials integrated within the Revolut app will equip users with essential knowledge, fostering responsible trading habits.
The dedication of the bank to delivering excellent cryptocurrency trading services is highlighted through the remarks of Revolut’s Head of Crypto Exchange Product, Leonid Bashlykov. He expressed:
“Our new crypto product launch has us thrilled! This advanced trading platform is set to revolutionize the experience for skilled crypto traders, offering them a secure and convenient environment to conduct their transactions.”
As a digital bank analyst, I’ve noticed that prior to its launch, our platform underwent several enhancements. More recently, we partnered with MetaMask to introduce Revolut Ramp in March. This feature is designed to facilitate seamless and effortless cryptocurrency purchasing experiences for our valued clients. It’s important to note that this functionality can be accessed directly within MetaMask’s mobile app, browser extension, or on MetaMask Portfolio.
As a crypto investor utilizing the MetaMask platform, I can effortlessly top up my self-custody wallet at minimal fees through various convenient methods. By employing my Revolut account, or making transactions using my Visa or Mastercard credit or debit bank cards, the process is straightforward and efficient.
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2024-05-07 13:13