Revolut’s latest venture, the Revolut X cryptocurrency exchange, has kicked off its debut phase, targeting seasoned traders in the UK.
Unlike the typical swift launch seen in the crypto market, Revolut’s approach is cautious, gradually onboarding professional traders.
Exclusive access has been granted to a select group of users, signalling a meticulous strategy by Revolut.
The exchange facilitates fiat-to-crypto transactions seamlessly between Revolut and Revolut X, with assets securely stored behind robust defences.
Notably, makers enjoy fee-free trades, while takers are subject to a modest 0.09% charge.
Revolut X doesn’t just stop at basic functionalities; it caters to enthusiasts with real-time trading capabilities and advanced analytics.
Technical indicators, TradingView chart integration, and comprehensive market monitoring tools are part of the platform’s offerings, ensuring a robust trading experience.
Emphasizing security, Revolut assures users that most funds will be held in cold storage, providing an additional layer of protection.
Round-the-clock customer support is available to address any concerns or inquiries promptly.
This move isn’t sudden for Revolut; the idea of launching its crypto exchange had been brewing since 2021.
With a valuation of $25.7 billion as of April, Revolut has been steadily expanding its crypto services, offering exposure to over 50 tokens to its 30 million customers worldwide.