Revolut X: Trading platform designed for professionals in the United Kingdom

The fintech app Revolut has surprised the market with the launch of its new exchange: Revolut X. This project marks a strategic shift for the company, focusing specifically on experienced operators in the UK seeking better trading conditions.

Unprecedented Fee Structure

What sets Revolut X apart in the market is its commission model. The platform offers a 0% fee for market makers, while takers pay just 0.09%, regardless of the trading volume. These figures represent a clear competitive proposition in a sector where traditional fees usually scale according to trading volumes.

Range of Assets and Ease of Access

Since its debut, Revolut X provides its users with access to over 100 cryptocurrencies for trading. Among them are major assets like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), with plans to add new assets in the coming months. The infrastructure also prioritizes seamless conversions between fiat and crypto currencies, removing friction in entry and exit processes.

Security and Fund Custody

Leonid Bashlykov, Product Lead for Trading at Revolut, explained the philosophy behind the new exchange: “We understand that professional operators demand competitive fees and obstacle-free accessibility.” Regarding custody, most funds are stored in cold storage, under rigorous risk monitoring that allows for a robust solution in the current market.

Recent Movements in the Asset Ecosystem

Revolut recently added the memecoin FLOKI to its catalog, which initially appreciated by +16% in its price. However, the asset has not escaped the bearish dynamics of the crypto market. Bitcoin (BTC) has experienced selling pressure, accumulating recent declines, while FLOKI is trading at $0.00017, reflecting a -20% contraction compared to the $0.00021 from a month ago. At the time of the inclusion announcement, the token was priced at $0.00020.