Crypto exchange from Revolut X to enter 30 new European markets

Revolut, a crypto-friendly neobank, has now launched its dedicated crypto exchange platform, Revolut X, in 30 new markets within the European Economic Area.

From Nov. 13 on, customers across the EEA, ranging from Belgium and Cyprus through to Denmark and others, will be able to convert their cryptocurrencies through their Revolut account.

The EEA with Revolut X also enables users to trade more than 200 cryptocurrencies and tokens. The product has been rolled out in May this year in the UK. The product was developed, specifically for professional crypto traders, but even its developer also presents its retail customers who show an interest in more advanced features. Just like its UK service, Revolut X comes with low fees. The reason for that is because it charges maker orders no fees and taker orders 0.09% irrespective of volume.

In order to be able to use the service Revolut X, a client will need to have an account in the Revolut network opened on an EEA or the UK. The service provides customers with many features, among which the ability to trade in real-time, advanced analytics and monitoring of accounts with the help of tools on the TradingView service. There is also the available service of 24/7 support. But the lion's share of the money will actually go into cold storage,  though just how much-no one can be sure because Revolut isn't even willing to say what percentage of such storage it keeps.

This growth speaks to the company's commitment to the crypto space, since the company launched the Revolut Ramp, which makes it easy for users to buy into cryptocurrencies directly into their wallets; it also partners with platforms such as MetaMask and Ledger. Leonid Bashlykov, the head of the crypto exchange product of Revolut, said, "Revolut X is in line with the overall ambition of 'banking without borders' and allows a user to achieve financial freedom."

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