Professional bitcoin traders can now use the digital bank Revolut’s cryptocurrency exchange, Revolut X.
To rival the industry’s top cryptocurrency exchanges, Revolut, a London-based company with over 40 million global users, created Revolut X.
In February, Revolut informed users that it was going to launch an exchange after allowing users to purchase and sell cryptocurrency within its app for a number of years.
By charging less, the standalone exchange hopes to persuade consumers to trade with it as opposed to using the Revolut app for purchases and sales. Revolut said via email on Tuesday that it will charge 0.09% costs to the taker and zero fees to the creator of a deal.
While numerous banks provide their clients with some sort of bitcoin trading service, Revolut was one of the first to establish a stand-alone cryptocurrency exchange for this use.