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Revolut X aims to become “the go-to financial app for crypto pros”, offering a seamless and robust trading experience with features like unlimited fee-free withdrawals and deposits, and advanced analytics.
Key Notes
Revolut X expands into 30 additional European markets, offering access to 200+ cryptocurrencies and advanced trading tools for experienced traders.With over 45 million global customers, Revolut has been in crypto trading since 2017, aiming to compete with top crypto exchanges.Revolut secured key partnerships with MetaMask and increased its crypto team by 60%, positioning Revolut X as a leading platform for professionals. 
London-based fintech powerhouse Revolut announced the expansion of its crypto trading platform Revolut X into 30 additional European markets. Revolut strategic expansion aims to attract experienced traders who seek strong alternatives to traditional crypto exchanges.

 
 
 
Originally launched as a standalone exchange in the UK earlier this year, Revolut X now extends its reach across Europe. Leonid Bashlykov, Head of Product at Revolut’s crypto exchange, explained the company’s goal, stating:

 
 
 
 
“With the expansion of Revolut X, we’re aiming to make a real impact in the crypto trading space and offer a strong alternative to some of the more established platforms.”

 
 
 
 
In order to use Revolut X, customers must have a Revolut account registered in the European Economic Area or the UK. The platform gives access to more than 200 cryptocurrencies, real-time analytics, and market tracking tools integrated with TradingView charts. These features cater to experienced traders, helping them make well-informed decisions.

 
 
 
Revolut X Competes with Top Crypto Exchanges

 
 
 
Revolut, with over 45 million customers globally, has engaged in crypto trading since 2017. The May launch of Revolut X marked a major milestone, enabling the platform to compete directly with crypto-native exchanges. Featuring integration with TradingView charts and technical indicators, it provides users with advanced market monitoring tools, including dashboards highlighting top-traded tokens, biggest gainers, and highest market cap coins.

Revolut launches crypto trading platform Revolut X@RevolutApp introduces "Revolut X" in the UK, a dedicated crypto trading platform targeting professional traders. 🇬🇧
Available from today, users can trade over 100 tokens with 0% maker and 0.09% taker fees.
Leonid Bashlykov stated that crypto aligns with Revolut’s belief in borderless banking. This philosophy drives its push into digital assets, reflecting the trend of financial institutions and fintech firms expanding crypto services. PayPal, Robinhood, Stripe, and BlackRock also increase their presence in the sector, signaling robust growth and interest.

 
 
 
In September, Revolut began launching its own stablecoin, diversifying its crypto portfolio. The 2023 financial statements did not detail changes in crypto contributions to profits, but during the 2021 bull run, crypto accounted for 30% to 35% of nearly $40 million in profit, as CEO Nikolay Storonsky stated on Bloomberg TV in 2022.

 
 
 
Revolut Secures Strategic Crypto Partnerships

 
 
 
This year, Revolut marked several strategic initiatives. The fintech firm secured partnerships with companies like MetaMask and expanded its crypto team by 60%, now over 100 employees. Revolut’s strategy aims to establish Revolut X as the “go-to financial app for crypto pros”. Although the term “crypto pros” wasn’t defined, Revolut targets experienced traders who can navigate and trade over 200 tokens across 30 European markets and the UK.

 
 
 
One standout feature of Revolut X is the ability for customers to withdraw and deposit funds without any limits or fees. That user-friendly approach aims to attract more traders by removing common barriers associated with crypto exchanges. The new desktop-based trading platform is available exclusively to customers with a UK or EEA-based Revolut account, ensuring that Revolut’s existing user base can seamlessly transition to the expanded services.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
With over 3 years of crypto writing experience, Bena strives to make crypto, blockchain, Web3, and fintech accessible to all. Beyond cryptocurrencies, Bena also enjoys reading books in her spare time.
