A cryptocurrency exchange in beta testing by digital bank Revolut is aimed for “advanced traders.” The exchange will provide improved market insights in addition to less fees than trading via the Revolut app. Revolut, a digital bank, is about to launch a cryptocurrency exchange aimed at “advanced traders,” as per a customer email that CoinDesk obtained.
Currently, a large portion of Revolut’s 30 million users can access basic cryptocurrency services. Better market insights and reduced fees will be provided by the exchange.
“We’re launching a new crypto exchange, designed for experienced traders,” the email said, requesting that the recipient test the new interface. “You’ll find deeper analytical tools and lower fees than the app.”
Users can now trade using limit and market orders, and fees have been adjusted to range from 0% to 0.09%. When a trader wishes to buy or sell an item at a particular price, they usually utilise limit orders. Limit orders are free of charge.
In December, Revolut halted its cryptocurrency services for corporate clients in the United Kingdom, citing new guidelines on cryptocurrency advertising issued by the Financial Conduct Authority (FCA).
It was revealed earlier this week that Revolut intended to include BONK, the largest meme coin in Solana, as part of a “learn and earn” initiative that would involve giving BONK to select of its clients.