- Revolut X expands crypto trading to 30 European markets for advanced users.
- The platform offers over 200 cryptocurrencies, real-time analytics, and TradingView.
London-based fintech firm Revolut announced Wednesday that it is expanding its cryptocurrency platform, Revolut X, to serve users across 30 new markets in Europe. Targeted at experienced traders, the platform is set to provide access to a wide selection of digital assets, along with tools for real-time analysis and market tracking.
Revolut X, a standalone exchange launched in the UK earlier this year, allows users in the European Economic Area (EEA) and the UK to trade over 200 cryptocurrencies.
According to Revolut, the platform’s capabilities are aimed at advanced users, integrating data. And charting tools from TradingView to support detailed market analysis. Leonid Bashlykov, Head of Product at Revolut’s crypto exchange, commented that the platform aims to provide “a strong alternative to some of the more established platforms.”
Moreover, Revolut has taken steps to prioritize security measures on Revolut X. It is noted that a majority of the funds will be stored in cold wallets. They are considered to be more secure against online threats. Additionally, risk monitoring tools are in place to alert the platform to potential breaches.
Revolut To Attract More Users?
Revolut first entered the crypto market in 2017, initially offering crypto trading through its app as part of its broader fintech services. Since then, the firm has expanded its offerings, reaching a reported 45 million users globally.
In recent months, Revolut has signaled further interest in the digital asset sector. Also, reports in September indicated that it is developing its stablecoin. It is a digital asset pegged to a stable reserve. This move may reflect the company’s intent to expand its crypto infrastructure. It is amid a growing interest in digital assets across Europe.
With Revolut X’s new expansion, it is positioning itself to attract a more advanced user base, but it also faces competition from larger, established platforms like Coinbase and Binance. As the regulatory landscape for cryptocurrencies continues to evolve, it’s ongoing efforts to expand its digital asset services. It will likely attract scrutiny from both regulators and users.
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