Following success in the UK, Revolut has expanded its crypto exchange to 30 new European Economic Area (EEA) countries.
This expansion means that crypto traders in all 30 EEA countries can now buy and sell over 200 cryptocurrencies through Revolut X, the firm’s desktop platform. Revolut has stated that the company aims to compete with other leading exchanges and achieve its goal of becoming ‘the go-to trading platform’.
Revolut X users, who must have a Revolut account based in the EEA or UK, can take advantage of real-time trading and advanced analytics to stay informed on market movements.
Additionally, the platform offers technical indicators and integrates with TradingView charts, providing tools such as dashboards that highlight top-traded tokens, gainers and market cap leaders.
Leonid Bashlykov, Head of Product of Crypto Exchange at Revolut, stated: “We’re really excited to be bringing our crypto exchange product to customers across the EEA. 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.”
The fintech launched Revolut X as a standalone cryptocurrency exchange platform in the UK earlier this year, focusing on a ‘compliance-first’ approach. Since then, the platform has introduced several enhancements, including the Revolut Ramp feature, allowing traders to purchase crypto directly within their wallets through partnerships with firms like MetaMask and Ledger.
Central to Revolut’s growth strategy in the crypto space is an effort to boost the crypto literacy of its retail customers. This focus is supported by its in-app education tool, Crypto Learn, which actively encourages customers – especially first-time buyers – to engage with when purchasing crypto.
Leveraging its retail arm may give Revolut an advantage over competitors, with over 45 million customers worldwide. If it can successfully engage them to learn about and invest in crypto, it could drive significant growth in the sector.
Bashlykov concluded: “With the expansion of Revolut X, we’re aiming to make a real impact in the crypto trading space and offer a strong alternative to some of the more established platforms. Crypto aligns with Revolut’s firm belief in a world of banking without borders and our mission to help people find financial freedom.”
