The global neobank and financial technology company, Revolut, is set to launch a cryptocurrency exchange catering to advanced traders, offering lower fees and advanced market analytics.
The exchange, aimed at improving services for its 30 million customers, will involve fees from zero percent to 0.09%. Users will be able to apply for limit and market orders, with no fees for limit orders.
Revolut suspended crypto services for UK business customers in December due to the new regulations from the FCA. This is the latest step in Revolut’s plan to list Solana’s BONK coin in a “learn and earn” program for their customers.
The customer, based in the UK, was informed about the imminent cryptocurrency exchange launch via email and was requested to test the platform.
Also Read: UK FCA Issues 450 Alerts on Illegal Crypto Promotions
The move by Revolut to get into the cryptocurrency exchange business is a strategic response to the emerging market needs and the regulatory challenges, highlighting its resolve to offer a wide range of services that cater to the diverse needs of the huge customer base.
