Revolut is gearing up to launch a new cryptocurrency exchange platform designed specifically for advanced traders, according to industry insiders. This move represents an expansion beyond the basic crypto services currently offered to its 30 million customers. With the promise of lower trading fees and enhanced market analytics, the exchange aims to provide a more sophisticated trading environment.
The upcoming exchange will set its fees between 0% and 0.09%, a competitive rate aimed at attracting traders looking for cost-efficient options. It will also introduce functionalities such as limit and market orders to cater to the strategic needs of advanced traders. Limit orders, allowing traders to set specific buy or sell prices, will be executed without any fees, further enhancing the appeal of Revolut’s platform.
Currently, access to the cryptocurrency exchange is by invitation only, with plans to roll out more invitations as the platform progresses. “The standalone cryptocurrency exchange is one of the future developments, but more information will be released only when the product will be available in-app. Currently, this product is accessible by invite only. We will be rolling this out and inviting more customers to take part,” a Revolut spokesperson told CoinDesk.
The launch comes as Revolut has had to navigate regulatory landscapes, such as the Financial Conduct Authority’s (FCA) regulations in the UK affecting crypto promotions. Despite these challenges, Revolut continues to innovate, including plans to feature Solana’s meme coin, BONK, in a “learn and earn” campaign.
