Coinspeaker
Revolut Launches Crypto Exchange for Professional Traders Dubbed Revolut X

Revolut, a digital banking firm based in London, has launched Revolut X, a cryptocurrency exchange aimed at providing a suitable trading platform for professional traders. This move makes them the first bank to develop a separate platform for cryptocurrency traders.

Unveiling Revolut X: A Dedicated Platform for Crypto Enthusiasts

The digital bank, which boasts 40 million users across the globe, has been permitting its customers to buy and sell crypto on its Revolut App before announcing in February that it will be developing a separate crypto exchange.

This newly developed exchange will allow customers to trade directly from it rather than using the Revolut app, thereby enjoying lower fees. The structure of the fees has been set: the maker of the trade will be charged zero fees, while the taker of the trade will be charged 0.09%.

According to Revolut, the new development aims to compete with established and leading crypto exchanges. Starting today, the platform designed for professional traders is now available on desktops for all UK custo...