Revolut X, a stand-alone crypto exchange launched by neobank Revolut, is now available for customers across 30 new European countries.
London-based fintech giant Revolut is expanding its standalone crypto exchange Revolut X across dozens of new countries in the European Economic Area in a bid to broaden its reach in the crypto space.
In a Nov. 13 press release shared with crypto.news, Revolut said the exchange will now be available in 30 new countries across EEA to position Revolut X as a “competitive platform” for crypto traders. Revolut’s head of product – crypto exchange, Leonid Bashlykov, called the expansion an “important milestone” for the exchange, which was launched earlier in May.
“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.”
Leonid Bashlykov
In early October, Revolut revealed it had prevented $13.5 million in potentially fraudulent crypto transfers between June and September, with nearly 92% of crypto transactions still processed without user intervention. For the remaining 8%, additional checks have been “necessary to ensure compliance with fraud prevention, anti-money laundering regulations, and other safeguards,” Revolut explained.
Revolut has been thinking about starting its own crypto exchange since 2021, when the London-headquartered company started looking for someone to lead the team to “architect and build Revolut Crypto exchange.” As of April, the company was valued at $25.7 billion and has been providing crypto services to 30 million customers globally, offering access to over 50 tokens.
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