Largest UK-based fintech company launches cryptocurrency exchange that supports XRP – Times Tabloid

British fintech giant Revolut has announced the launch of Revolut X, a new cryptocurrency trading platform designed specifically for professional traders. This move marks the significant expansion of fintech into the cryptocurrency exchange landscape.

Competitive commissions and seamless trading experience

Presented May 7, 2024, Revolut X aims to compete with established cryptocurrency exchanges by offering an easy-to-use platform with competitive fee structures. The platform boasts zero maker commissions and a low buyer commission of 0.09%, regardless of the size of the trade.

Existing Revolut users can take advantage of the integrated trading experience within the Revolut ecosystem without incurring additional costs or restrictions.

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Revolut X targets professional traders by providing access to real-time market data and sophisticated analysis tools. The platform incorporates TradingView charts, offering a full suite of technical indicators and market tracking features. Notably, traders on Revolut X require a pre-existing Revolut retail account to access the platform.

Unlike Revolut’s mobile-centric approach, Revolut X is a desktop-optimized platform designed for laptops and larger screens.

In an attempt to be welcomed by the XRP community, Revolut This is in contrast to some major exchanges that have delisted XRP due to continued regulatory uncertainty in the United States.

Potential rival to support for XRP trading

Industry observers, such as leading XRP community figure WrathofKahneman, to suggest that Revolut

In addition to XRP, Revolut X also supports major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Shiba Inu (SHIB), and Dogecoin (DOGE).

Revolut’s expanding role in the cryptocurrency industry

Founded in 2015 as a money transfer service in the UK, Revolution has become a leading fintech company with over 40 million users worldwide. The company first entered the cryptocurrency space in 2017, allowing users to purchase, hold, and trade digital currencies.

The launch of Revolut Revolut’s decision to include XRP among its supported assets from the outset highlights its potentially cryptocurrency-friendly stance.

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Revolut X: a step towards a complete financial app

With the launch of Revolut Revolut

This layered approach allows Revolut to become a comprehensive financial application that encompasses traditional finance and the growing world of cryptocurrencies.

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