Revolut Expands Crypto Exchange Across EU After Successful Launch in UK

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London-based digital bank Revolut is expanding access to its crypto exchange across the European Union, it announced Wednesday.
Revolut X launched for professional crypto traders in the UK in May, expanding its crypto offering beyond the simple buy and sell features present within the original app.
Now, users across 30 European countries will be able to trade over 200 tokens on the standalone app. Revolut has more than 40 million customers worldwide.
“Revolut X’s expansion is a key milestone in the global financial app’s ambition to become the go-to trading platform for crypto beginners and pros alike,” according to a press release.
“The feedback from experienced traders has been very positive, with many already taking advantage of our near-zero fees, wide range of available assets, and seamless integration with their Revolut accounts,” said Leonid Bashlykoc, head of product at Revolut.
A press representative for the firm told CoinDesk that tens of thousands of traders are currently using the app in the UK. The app charges comparably low fees – zero to the maker of a trader and 0.09% to the taker.
The crypto-friendly bank aims to become a safe harbor for the crypto community by taking a compliance-first approach. In addition to starting a crypto exchange, it has also most recently announced that it intends to issue its own stablecoin.
Edited by Oliver Knight.
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Helene is a New York-based reporter covering Wall Street, the rise of the spot bitcoin ETFs and crypto exchanges. She is also the co-host of CoinDesk’s Markets Daily show. Helene is a graduate of New York University’s business and economic reporting program and has appeared on CBS News, YahooFinance and Nasdaq TradeTalks. She holds BTC and ETH.