British banking app Revolut Ltd. is taking a significant step into digital assets. In a Tuesday blog post, the fintech company unveiled Revolut X, a specialized crypto trading platform for retail customers based in the U.K., that “reaffirms” its commitment to the crypto industry. The launch of the crypto platform is notable as Revolut is first and foremost a traditional fintech company.
With over 40 million users, Revolut is one of the world’s largest fintech companies, and is positioning the exchange to compete with large crypto incumbents like Coinbase and Binance. It is aiming to become the “go-to financial app for crypto beginners and pros alike.”
“We are empowering our customers to further grow their wealth, either in fiat or in crypto,” Leonid Bashlykov, head of crypto exchange product at Revolut, told Fortune.
The platform will allow traders to buy and sell over 100 tokens, and fees will range from zero to 0.09%. Investors must be Revolut customers to trade on the platform, and will be able to seamlessly on-and-off-ramp funds between their Revolut…
