18 Feb 2024
Crypto exchange of the future for super traders
Revolut to Launch Advanced Crypto Exchange for Experienced Traders
Digital banking giant Revolut is delving deeper into the cryptocurrency realm with the introduction of a new exchange tailored specifically towards "advanced traders." As per a customer email obtained by CoinDesk, the platform promises deeper analytics and significantly lower fees than the bank's existing crypto services.
Currently catering to basic crypto needs for its vast customer base of over 30 million, Revolut is now aiming to cater to the demands of seasoned traders. The upcoming exchange will boast a suite of advanced features, including:
* Expanded Market Analytics: Traders will have access to enhanced analytical tools to make informed trading decisions.
* Reduced Fees: Fees will range from 0% to a competitive 0.09%, providing substantial savings compared to the current app offering.
* Limit and Market Orders: Traders can execute trades using both limit and market orders, with limit orders incurring zero fees.
In a move that aligns with the evolving regulatory landscape, Revolut paused crypto services for business customers in the UK last December, citing new guidelines set by the Financial Conduct Authority (FCA). Notably, the customer email obtained by CoinDesk was addressed to a UK-based user.
This latest development adds to Revolut's growing crypto footprint. Earlier this week, it was revealed that the platform plans to list Solana's meme coin, BONK, as part of a "learn and earn" campaign that will distribute BONK to a select number of customers.
Revolut's expansion into advanced crypto services highlights the growing demand for sophisticated trading platforms within the digital asset ecosystem. As the cryptocurrency market continues to mature, traders are increasingly seeking platforms that provide robust analytics, competitive fees, and advanced order types.
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