Revolut Expands Crypto Exchange to 30 New Countries

Revolut has expanded its dedicated crypto exchange, Revolut X, to 30 new countries across the European Economic Area (EEA).

This marks a significant step in the fintech company’s plan to strengthen its position in the crypto market.

Launched earlier in 2023, Revolut X aims to attract traders with its low fees, extensive asset selection, and seamless integration with Revolut accounts. The exchange has already received positive feedback from users, particularly those who value its competitive pricing and easy access to a broad range of cryptocurrencies. According to Revolut’s head of crypto exchange, Leonid Bashlykov, this expansion is a key milestone in the company’s growth.

In addition to expanding its reach, Revolut has been actively working on security, recently reporting that it prevented $13.5 million in potentially fraudulent crypto transfers between June and September. While most transactions (92%) were processed without issue, the remaining 8% were subjected to extra scrutiny to ensure compliance with regulations and anti-fraud measures.

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The company’s venture into the crypto exchange space began in 2021, and by April 2024, Revolut was valued at $25.7 billion. With 30 million users globally, the platform offers access to over 50 cryptocurrencies, continuing to enhance its services for a growing customer base.

Kosta Gushterov