Revolut announced its new Revolut X crypto trading platform for U.K. retail users, which it claims will offer fixed low fees and easy fiat-to-crypto conversion.
The fintech company and global neobank Revolut made a notable move into the cryptocurrency sphere by quietly introducing a specialized crypto trading platform for retail customers in the United Kingdom.
Revolut unveiled Revolut X on May 7, targeting a specific set of customers. The platform is designed to rival major cryptocurrency exchanges by offering easy access for users and charging minimal fees, according to a press release shared with Cointelegraph.
The platform features easy "on-ramping" and "off-ramping," allowing users to seamlessly convert fiat currencies like GBP to crypto and vice versa. Notably, Revolut X offers fixed fees of 0% for makers and 0.09% for takers, regardless of trading volume, potentially undercutting competitors.
