Revolut launches Revolut X, a stand-alone crypto trading platform for experienced traders
Product & feature · 7 May 2024
- Revolut’s latest crypto offering marks the next step in becoming the go-to financial app for crypto pros — providing them with a safe and accessible place to trade.
- The new platform builds on Revolut customers’ ability to buy crypto directly with fiat currency, and on and off ramp directly to wallets
- Customers can trade more than 100 tokens with 0% maker and 0.09% taker fees on Revolut X, which is now available on desktop for all UK traders with a Revolut retail account. Customers will be able to on and off ramp with no limits or fees – and in real-time.
Revolut, the global fintech with more than 40 million customers worldwide, today announces Revolut X — a stand-alone crypto exchange designed for professional crypto traders. Aimed at competing with other leading exchanges by offering easy on and off ramping, and low fees, Revolut’s latest crypto offering marks an important next step in becoming the go-to financial app for crypto beginners and pros alike — providing them with a safe and accessible place to trade.
Following today’s launch, experienced crypto traders will — for the first time — be able to buy and sell more than 100 tokens through a desktop version of the new stand-alone exchange platform, which has been developed by the UK’s largest fintech.
Irrespective of trade volumes, Revolut X offers low flat fees of 0.00% for the maker and 0.09% for the taker. In addition to lower fees, existing Revolut customers will be able to take advantage of trading within the Revolut ecosystem — seamlessly switching from fiat to crypto, and back again, between Revolut X and their Revolut retail accounts. All with no fees, no barriers, and no limitations.
Revolut X traders, who must have a Revolut retail account to use the new exchange, will have access to real-time trading and advanced analytics, which are also included and designed to keep crypto pros updated on the latest market movements to help better inform their trades. Technical indicators and a full integration with TradingView charts enable various market monitoring tools, such as dashboards of top-traded tokens, gainers, and top market cap coins.
The launch of Revolut X reaffirms Revolut’s commitment to the crypto industry, and follows the recent introduction of Revolut Ramp, which enabled traders to purchase crypto directly in their wallets through a partnership with MetaMask.
Committed to being the safest place in the UK for crypto trading, Revolut X marks a new era for crypto exchanges. As the first traditional financial business to enter the sector in such a way, Revolut is adding further security and protection to crypto trading. Revolut contributes considerably to the crypto literacy of its customers through its Learn module, which it proactively encourages customers to undertake.
The majority of funds are kept in cold storage, and customer support is provided 24/7 via encrypted chat. Revolut’s market-leading risk monitoring tools work constantly to prevent account takeovers, while trusted custodians are selected after a carefully conducted due diligence process.
Leonid Bashlykov, Head of Crypto Exchange Product at Revolut, said: “Today, Revolut is offering the UK’s crypto community the opportunity to engage with more than 100 tokens through a stand-alone, best-in-class exchange platform. We are excited by the introduction of our new crypto product, and believe this top-tier trading platform will change the game for experienced crypto traders, providing them with a safe and accessible place to trade.
“We put the customer at the heart of everything we do, and understand that competitive fees as well as easy on and off ramping are at the heart of what experienced traders want from a crypto platform. Revolut X along with our recent partnership with MetaMask, further consolidates our product offering in the world of Web3. Together, we are empowering our customers to further grow their wealth, either in fiat or in crypto.”
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