Revolut Elevates Crypto Trading with Advanced Exchange Platform

Revolut, the digital bank with a customer base of 30 million, is reportedly set to revolutionize the cryptocurrency trading landscape with the introduction of a new cryptocurrency exchange tailored for advanced traders. The platform aims to offer competitive fees and advanced market analytics, challenging established players in the industry like Coinbase and Kraken.

The new exchange, currently in beta testing and accessible by invitation only, will provide users with deeper analytical tools and lower fees compared to the existing Revolut app. Fees for trading will range from 0% to 0.09%, with no fees incurred for limit orders. This move marks a significant shift in Revolut’s cryptocurrency offerings, which had previously been limited to basic services for its customers.

Revolut’s decision to enter the advanced crypto trading market comes at a time when the industry is experiencing rapid growth, fueled by the recent approval of spot bitcoin ETFs by the US Securities and Exchange Commission. While Revolut faces stiff competition from established players, its strong financial performance, with revenue exceeding $1.1 billion in 2022, underscores its potential to disrupt the market.

In addition to the new exchange, Revolut has also announced plans to list Solana’s meme coin, BONK, as part of a “learn and earn” campaign. This initiative reflects Revolut’s commitment to educating its customers about the cryptocurrency market and providing them with opportunities to engage with digital assets.