Jamie Crawley is a CoinDesk news reporter based in London.
Digital bank Revolut's crypto exchange Revolut X is now available to professional cryptocurrency traders.
London-based Revolut, which has more than 40 million customers worldwide, has developed Revolut X to compete with leading crypto exchanges. Having allowed the buying and selling of crypto within its app for several years, Revolut told customers in February that The standalone exchange is designed to entice users to trade through it rather than buying and selling with the Revolut app by offering lower fees. Revolut will charge zero fees to the maker of a trade and 0.09% to the taker, according to an emailed announcement on Tuesday.
While some banks offer cryptocurrency trading to customers in some form, Revolut is among the first to build a standalone crypto exchange for this purpose.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.
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