Revolut Expands Crypto Platform to 30 New European Markets, Targeting ExperiencedTraders

Key takeaways

• Revolut is expanding its crypto trading platform, Revolut X, to 30 additional markets across Europe, specifically aiming to attract experienced traders.
• Users of Revolut X in Europe can now access over 200 cryptocurrencies, including advanced trading analytics and market-monitoring tools through TradingView.
• Alongside Revolut X, the company plans to develop its stablecoin to support low-cost cross-border transactions, aligning with its banking without borders" mission.

Revolut X Enters 30 New European Markets for Pro Crypto Traders

Revolut, a fintech firm based in London, is growing its crypto trading platform called Revolut X. It announced on Wednesday that the platform will now be available to experienced traders in 30 new markets across Europe.

Leonid Bashlykov, the Head of Product at Revolut's crypto exchange, said the goal is to significantly impact the crypto trading world. Revolut X aims to provide a strong alternative to other well-known crypto trading platforms with this expansion.

This move shows Revolut's ambition to compete in the growing crypto market. Revolut X has specific customer requirements; users must have a Revolut account based in the European Economic Area (EEA) or the UK. Potential customers who meet this requirement can access more than 200 cryptocurrencies.

Revolut X also offers real-time trading analytics and market monitoring tools. These tools are integrated with TradingView's charts, helping users track the market and make informed decisions.

The company stores most of its funds in cold storage' away from internet access to protect assets from potential online threats like hacking or unauthorized access.

Additionally, the company uses risk monitoring tools to add extra layers of security. These tools constantly check for any unusual or risky activity in the system. If they detect anything suspicious, alerts are triggered immediately.

Revolut claims it has over 45 million customers worldwide. This means that millions of people trust Revolut for their financial services.

New Stand-Alone Crypto Exchange and Upcoming Stablecoin for Seamless Cross-Border Payments

Revolut launched Revolut X in the UK earlier this year. This new platform operates independently from other parts of the Revolut app and focuses solely on crypto trading, as it functions as a stand-alone crypto exchange.

Launching Revolut X shows Revolut's commitment to expanding its crypto services. However, the firm is not new to the world of crypto. It began offering crypto trading options in 2017 and has been helping customers buy and sell cryptocurrencies since then.

Now, with Revolut X, the company aims to provide an even more advanced platform for those interested in digital assets.

Revolut is reportedly moving forward with plans to develop its stablecoin, further solidifying its presence in the crypto and financial services market. This project aligns with Revolut's vision of banking without borders," as it could make transactions across different countries faster and cheaper.

The stablecoin development is still in progress, and Revolt aims to use it for low-cost cross-border payments. It will enable people to move money more easily from country to country.

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