Revolut X Crypto Exchange Expands to Europe with Zero Fees and Advanced Tools

Revolut’s Crypto Ambitions Take Root in 30 European Markets

Revolut, a London-based fintech firm, is pushing further into Europe with Revolut X, its platform tailored specifically for experienced crypto traders.

On Wednesday, the company announced its expansion across 30 new European markets, marking a major step in its strategy to establish Revolut X as a strong competitor in the crypto trading sphere.

Revolut aims to position this platform as a top choice for European traders, providing a serious alternative to other established crypto exchanges.

Strict Entry Requirements for Revolut X

To join Revolut X, users need to hold a Revolut account based in the European Economic Area (EEA) or the United Kingdom.

These strict entry requirements are designed to filter for serious crypto traders and comply with regulatory demands.

Once in, users can access over 200 different cryptocurrencies, a level of diversity that signals Revolut’s ambition to cater to a wide range of trading interests within the crypto market.

Advanced Trading and Monitoring Tools

One of the significant advantages of Revolut X lies in its array of advanced trading features, geared towards giving traders greater control over their decisions.

Real-time analytics and monitoring tools are built into the platform, allowing users to analyse market movements and stay updated with TradingView’s integrated charts.

This integration provides detailed and up-to-the-minute insights into crypto markets, a crucial feature for traders who need to act fast in response to market volatility.

Leonid Bashlykov, Head of Product at Revolut’s crypto division, highlighted the platform's design focus:

“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. Safety and accessibility are at the heart of our standalone exchange because we recognise that crypto traders value these features above all else.”

Security and Storage: Prioritising Customer Protection

Safety is a prominent aspect of Revolut X’s operations, with the platform going to great lengths to secure its users’ funds.

A large portion of Revolut X’s assets are stored in ‘cold storage,’ a method of keeping funds offline to protect them from hacking attempts or unauthorised online access.

In addition to this, Revolut employs robust risk monitoring tools designed to detect suspicious activity.

When unusual transactions or attempts to access accounts are flagged, the system promptly alerts the relevant security teams, adding an additional layer of user protection.

Revolut’s security protocols extend to selecting “trusted custodians” for asset management, with each selected based on rigorous due diligence processes.

This commitment to safety is part of Revolut X’s strategy to build trust among crypto traders, especially those seeking a secure environment for trading large volumes.

An Independent Exchange with a Focused Mission

Since its launch earlier this year in the UK, Revolut X has operated as a standalone exchange, separate from Revolut’s main financial services.

This independence allows the platform to focus entirely on crypto trading without the distractions of banking or other services.

With the European launch, Revolut is bolstering its presence in the crypto market and providing a platform that caters exclusively to the needs of digital asset traders.

Crypto Learn and Market Education for New Entrants

Alongside Revolut X, Revolut provides an in-app education tool called Crypto Learn, aimed at helping new users understand the complexities of crypto trading.

This feature encourages users, particularly those new to digital currencies, to familiarise themselves with crypto concepts before diving into the market.

Crypto Learn covers essential aspects of trading and blockchain, with interactive content to support a comprehensive learning experience.

Upcoming Stablecoin for Cross-Border Transactions

Revolut’s aspirations within the crypto industry are not limited to Revolut X.

The company is reportedly developing its own stablecoin, a digital asset intended to facilitate seamless cross-border payments.

With stablecoins pegged to traditional currencies, transactions could be made faster and more affordable, particularly for users who regularly make international transfers.

Revolut’s stablecoin aligns with its broader vision of “banking without borders,” aiming to remove currency conversion fees and reduce delays in cross-border financial transactions.

Europe’s Changing Crypto Landscape

Revolut’s expansion comes at a time when the crypto sector in Europe and beyond is undergoing significant changes.

The United States recently saw pro-crypto candidates secure elected offices, a sign of shifting regulatory perspectives.

In parallel, Bitcoin and other cryptocurrencies have reached record highs, fuelled by growing mainstream acceptance and support from forward-looking policymakers.