Revolut has revealed its cryptocurrency exchange, which offers advanced traders access to cutting-edge market information.
Customers allegedly received an email from the European fintech upstart with information about their most recent offering. Although in limited capacity, the company already provides crypto-related services on its platform.
Revolut claims to have limit and market orders on their cryptocurrency exchange, which is designed for experienced traders. The market order feature enables users to buy tokens at current market rates.
Limit orders give buyers the ability to purchase assets at particular, pre-established prices, giving decision-makers additional options. Limit orders won’t be charged costs, according to the company’s email.
Fees for additional cryptocurrency purchases can reach 0.09%. Comparatively, the largest cryptocurrency exchange, Binance, charges 0.57% for certain transactions, therefore Revolut has a chance to undercut a major rival.
At the time of publication, clients were not given a specific launch date for the platform, which was still in beta testing. With over 30 million users as of right now, some will probably be able to enter the exchange as expert traders.
Roughly three months after stopping some services in the UK, Revolut gave users an update on its cryptocurrency trading activities. As previously mentioned, the company ceased cryptocurrency trading for its business clients in December of last year because of changes to the regulations.
Changes in U.S. policy have led the European unicorn to remove some tokens from its list, including Cardano (ADA), Polygon (MATIC), and Solana (SOL). The currencies were delisted as a result of regulatory confusion around the security status designated on these tokens and the SEC’s crypto crackdown.
As part of a “Learn and Earn” program, Revolut plans to list the memecoin Bonk (BONK), based in Solana, on its trading platform and perhaps distribute $1.2 million in BONK coins. When word of the alliance first leaked, BONK’s price shot up 13%, and the memecoin community was enthralled.
