Revolut, known for its fintech solutions, has announced the expansion of its crypto exchange Revolut X to 30 new EEA countries. This is a significant move towards expanding the company's presence in the crypto market.
Revolut X expansion in Europe
Revolut has announced the expansion of its crypto exchange Revolut X to cover 30 new countries in the European Economic Area. This positions the platform as a competitive choice for crypto traders. Revolut's head of crypto exchange product, Leonid Bashlykov, termed this as an important milestone for the company.
Product feedback and trader experience
According to Leonid Bashlykov, feedback from experienced traders has been positive. Users note the low fees and wide range of available assets, as well as seamless integration with their Revolut accounts.
Fraud prevention and future plans
Revolut also identified and prevented fraudulent operations totaling $13.5 million between June and September. Most crypto transactions are processed without user intervention, but the remaining 8% require additional checks to comply with anti-money laundering and other security measures. The company began developing its crypto exchange in 2021 and currently offers access to more than 50 tokens.
The expansion of Revolut X reflects the company's growing ambitions in the crypto market. New security measures will continue to protect users, and the range of available assets makes the platform attractive to traders.
