Revolut Expands Offering To 40 Million Users, Introduces Crypto Exchange Services
Summary
British banking app Revolut has launched Revolut X, a crypto trading platform for UK retail customers, aiming to compete with major players like Coinbase and Binance. The platform will allow trading of over 100 tokens with fees ranging from zero to 0.09%. This move follows the launch of Revolut Ramp in March, enabling investors to purchase crypto directly within their wallets. The company's profitability has been linked to the crypto market, and its renewed focus on crypto reflects the positive outlook of the broader market. This launch in the UK contrasts with Revolut's retreat from the US market due to regulatory uncertainties.
