Neobank Revolut has released a new crypto trading platform for retail customers in the United Kingdom.
First revealed in February 2024, Revolut X aims to provide users with fixed fees and seamless fiat-to-crypto conversion. The platform boasts easy on/off-ramping capabilities, allowing users to seamlessly convert their fiat holdings to crypto tokens, and vice versa.
In its initial stages, Revolut X will provide trading facilities for over 100 cryptocurrencies, including popular options like Bitcoin (BTC) and Ethereum (ETH), alongside meme-coins like Bonk (BONK) and Floki (FLOKI). Additionally, the firm intends to broaden the asset selection on Revolut X in the coming months. For security measures, Revolut confirmed that user assets will be maintained in cold storage, subject to rigorous custodian due diligence.
Revolut's newest platform will be available to UK-based users who possess a Revolut retail account, and existing clients can seamlessly access the platform using their login credentials. Moreover, users can execute transactions between Revolut X and their Revolut accounts without incurring additional fees or limitations.
The launch of Revolut X follows the parent company's recent initiatives in the crypto sphere. Earlier, Revolut partnered with MetaMask to release Revolut Ramp. This integration facilitates the purchase of cryptocurrencies directly within user wallets, streamlining the onboarding process for crypto enthusiasts.
