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Revolut, the London-based fintech giant, is significantly expanding the reach of its standalone crypto exchange, Revolut X, making it available to customers across 30 new countries in the European Economic Area (EEA). This move is part of Revolut’s broader strategy to position itself as a competitive platform in the crypto trading space.
Announced in a November 13 press release, the expansion aims to extend Revolut X’s services to more crypto traders in Europe, offering features such as near-zero fees, a wide selection of available assets, and seamless integration with Revolut’s core banking services. Leonid Bashlykov, Revolut’s Head of Product for Crypto Exchange, called the launch of Revolut X in these new markets an “important milestone,” reflecting the growing demand for the platform. According to Bashlykov, the feedback from experienced traders has been overwhelmingly positive, with many already taking advantage of the exchange’s competitive offerings:
“The feedback from experienced traders has been very positive, with many already taking advantage of our near-zero fees, wide range of available assets, and seamless integration with their Revolut accounts.” — Leonid Bashlykov, Head of Product – Crypto Exchange
This expansion comes shortly after Revolut reported on its efforts to enhance security and compliance in the crypto space. In early October, the company disclosed that it had prevented $13.5 million in potentially fraudulent crypto transfers between June and September. Despite these efforts, 92% of crypto transactions were processed without the need for user intervention, while the remaining 8% underwent additional checks to comply with anti-money laundering (AML) and fraud prevention regulations.
Revolut’s interest in launching its own crypto exchange dates back to 2021, when the company began looking for a leader to head its team to “architect and build” the Revolut Crypto Exchange. By April 2023, Revolut was valued at $25.7 billion and had already provided crypto services to over 30 million customers worldwide, giving them access to more than 50 digital assets.
With the launch of Revolut X in these 30 new markets, the company continues to solidify its position as a major player in the evolving cryptocurrency ecosystem, enabling users across Europe to trade with greater ease and security.
