Revolut Expands Crypto
Trading to 30 European Countries
Revolut Expands Crypto Trading to 30 European Countries
“The feedback from experienced traders has been very positive," one of the
bank's execs said in the announcement.
By Stacy Elliott
Nov 13, 2024 Nov 13, 2024
2 min read
Revolut is a popular challenger bank. Image: Shutterstock.
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Revolut, a London• Великобритания » География Великобритании » Населенные пункты Великобритании » Города-сити Великобритании » Лондон
• Великобритания » Англия » География англии » Города Англии » Лондон-based neobank, is expanding its Revolut X crypto exchange to
all 30 European Economic Area• Объект организация » Организации по алфавиту » Организации на Ев » Европейская экономическая зона (EEA) countries.
The EEA includes all 27 countries in the European Union• Объект организация » Организации по алфавиту » Организации на Ев » Евросоюз, as well as Iceland,
Liechtenstein, and Norway.
Revolut has been an early adopter of cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта, having offered crypto
trading to its customers since 2017. Although the bank has offered crypto
trading for years , but the bank launched Revolut X as a standalone crypto
trading platform, in the United Kingdom• Великобритания, earlier this year.
The company said in a press release that the expansion means, "experienced
European-based crypto traders in all 30 EEA countries will now also be able to
buy and sell more than 200 cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта through Revolut’s desktop-based
platform."
“The feedback from experienced traders has been very positive, with many
already taking advantage of our near-zero fees, wide range of available
assets, and seamless integration with their Revolut accounts," said Leonid
Bashiykov, the head of product for Revolut's crypto exchange, in a press
release. “With the expansion of Revolut X, we’re aiming to make a real impact
in the crypto trading space and offer a strong alternative to some of the more
established platforms."
The Revolut X platform will be limited to customers who have EEA- or UK• Великобритания-based
accounts with the bank.
The expansion news comes a year after the bank had to suspend its crypto
offerings for customers in the U.S• Соединённые Штаты Америки (США). At the time, a bank spokesperson told
Decrypt that "Revolut is actively pursuing alternative means of providing
access to crypto products and we hope to offer crypto in the US• Экономика » Финансы » Платежные средства » Доллар США again in the
future." But there's been no update on what they might look like.
“As a result of the evolving regulatory environment and the uncertainties
around the crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта in the US• Экономика » Финансы » Платежные средства » Доллар США, we’ve taken the difficult decision,
together with our US• Экономика » Финансы » Платежные средства » Доллар США banking partner, to suspend access to cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта
through Revolut in the U.S• Соединённые Штаты Америки (США).,” the Revolut spokesperson said last year. “This
decision has not been taken lightly, and we understand the disappointment this
may cause.”
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