REVOLUT PLANS TO LAUNCH A CRYPTOCURRENCY EXCHANGE ACCESSIBLE THROUGH INVITATION ONLY

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BY: NEWSWELCOME.COM

FEBRUARY 24, 2024

Revolut is introducing an "invite-only" crypto exchange tailored for advanced traders, as confirmed by a U.K.-based customer email.

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The new exchange promises deeper analytical tools and lower fees compared to the existing Revolut app, with fees ranging between 0.9% and 0.09%.

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Access to the standalone cryptocurrency exchange is currently restricted to invitation only, with plans to gradually expand availability to more customers.

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Revolut's move into crypto trading comes after regulatory hurdles, including the suspension of crypto purchasing services in the UK and the closure of cryptocurrency services for U.S. customers.

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Despite past regulatory challenges, Revolut recently announced the inclusion of the Solana-based meme coin, Bonk, on its platform.

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The crypto community has reacted with mixed opinions to Revolut's latest exchange venture, with some expressing curiosity about its approach to catering to advanced traders and others criticizing the platform's fee structure.

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Details regarding which customers will gain access to the exchange and the expected release date remain unclear at this time.

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