Revolut to Introduce Crypto Exchange Targeting ‘Advanced Traders’

Digital
bank
Revolut
is
set
to
introduce
a
cryptocurrency
exchange
targeting
“advanced
traders,”
according
to
a
customer
email
seen
by
CoinDesk.

Revolut
currently
offers
basic
crypto
services
to
many
of
its
30
million
customers.
The
exchange
will
offer
lower
fees
and
enhanced
market
analytics.

“We’re
launching
a
new
crypto
exchange,
built
with
advanced
traders
in
mind,”
the
email,
which
asked
the
customer
to
test
the
new
platform,
read.
“You’ll
find
deeper
analytical
tools
and
lower
fees
than
the
app.”

Fees
have
been
set
between
0%
and
0.09%,
and
functionality
has
been
added
to
allow
users
to
trade
using
limit
and
market
orders.
Limit
orders
are
typically
used
when
a
trader
wants
to
purchase
or
sell
an
asset
at
a
specific
price.
Limit
orders
will
incur
no
fees.

Revolut

suspended
crypto
services
for
business
customers
in
the
U.K.
in
December,
citing
the
Financial
Conduct
Authority’s
(FCA)
new
regulations
covering
crypto
promotions.
The
email
seen
by
CoinDesk
was
received
by
a
U.K.-based
customer.

Earlier
this
week,
it
emerged
that

Revolut
plans
to
list
Solana’s
biggest
meme
coin,
BONK,
in
a
“learn
and
earn”
campaign
that
will
see
the
distribution
of
BONK
to
some
of
its
customers.

Revolut
did
not
immediately
respond
to
CoinDesk’s
request
for
comment.