Revolut Launches Revolut X: A New Crypto Trading Platform wi...

Fintech giant and global neobank, Revolut, has strategically expanded into the cryptocurrency domain by launching a bespoke crypto trading platform, Revolut X, in the UK as announced on May 7. This new initiative aims to attract a specific customer base and stands to compete with established cryptocurrency exchanges by ensuring minimal fees and simplified access, as detailed in a press release available to Cointelegraph. Revolut X introduces straightforward processes for both depositing and withdrawing funds ("on-ramping" and "off-ramping"), facilitating the smooth transition between fiat currencies, such as the British pound, and various cryptocurrencies. One of the key highlights of Revolut X is its fixed fee structure, which includes a 0% fee for market makers and a modest 0.09% fee for takers, regardless of the trade volume. This pricing model is expected to offer a competitive e...