Europe's Fintech Giant Expands Crypto Operations to 30 Different Markets

image

Europe's Fintech Giant Expands Crypto Operations to 30 Different Markets

The crypto-friendly fintech giant Revolut has launched a significant expansion in the European Economic Area (EEA) to enhance its activity in cryptocurrency trading. The independent cryptocurrency exchange, called Revolut X, is now preparing to operate in 30 different markets within the EEA, offering significant opportunities to its users. Revolut's successful launch of its cryptocurrency exchange in the United Kingdom in May laid the groundwork for this remarkable move.

Designed for experienced investors, Revolut X specifically targets professional and seasoned crypto investors, serving users in various EEA countries such as Belgium, Cyprus, and Denmark. With the new application, users can trade over 200 cryptocurrencies and tokens. This expansion is seen as a sign of Revolut's desire to increase its competitiveness in the crypto space.

The platform requires users to have a Revolut account, which provides services such as real-time trading, TradingView-supported charts, and advanced analytical tools. Revolut X's trading fees are set at zero for maker orders and 0.09% for takers. This fixed fee structure remains applicable to all users, regardless of trading volume.

Revolut takes asset security seriously, storing a significant portion of user funds in cold storage. Customer support is active 24/7 to ensure a seamless experience for users. Additionally, leading security and risk monitoring tools are utilized to ensure account safety and prevent potential threats.

Revolut's commitment to cryptocurrency is growing. Leonid Bashlykov, the product chief of Revolut's crypto exchange, stated that this expansion aims to make a real impact in the crypto trading space. The company continues to solidify its position as a strong player in the industry by developing partnerships with giants like MetaMask and Ledger. Revolut believes that cryptocurrency can transform the banking world without borders and aims to spread this belief among a broader customer base.