Revolut launches retail crypto trading platform in UK

abdelaziz Fathi

Fintech giant Revolut has expanded its cryptocurrency services by launching a new trading platform called Revolut X in the United Kingdom.


The new platform is specifically designed to provide retail customers with simplified access to crypto trading, featuring “competitive fees” and “efficient” currency conversion processes.

Revolut X directly competes with major cryptocurrency exchanges by offering fixed trading fees of 0% for makers and 0.09% for takers, regardless of trading volume. This pricing strategy could offer a more cost-effective option for crypto traders.

Leonid Bashlykov, Revolut’s head of crypto exchange product, said: “We are excited to introduce a crypto product that addresses the core needs of experienced traders, focusing on competitive fees and ease of moving funds between fiat and crypto.”

Initially, Revolut X will support trading for over 100 cryptocurrencies, including widely-used ones like Bitcoin, Ether, and XRP, with plans to expand the selection in the future. Bashlykov assured customers of the security of their digital assets, noting that the majority are held in cold storage and are never lent out.

The platform is accessible to all U.K. retail users of Revolut. They can log in using their existing credentials and trade directly between their Revolut account and Revolut X without incurring additional fees or restrictions.

In 2023, Revolut had to adjust its offerings in response to the UK’s tightened regulations on cryptocurrency advertising and marketing.

Revolut’s UK business clients are not able to purchase crypto assets through Revolut Business during this pause. However, they retain the ability to hold or sell their existing crypto assets through the platform. Interestingly, this suspension didn’t not affect Revolut’s retail customers, who will still have full access to buy and sell cryptocurrencies.

The restrictions include a halt on onboarding new customers and limiting existing customers to holding and selling functionality only. Revolut is also restricted from expanding into crypto exchange services, initial coin offerings (ICOs), staking, P2P exchange, and DeFi activities such as lending and borrowing.

The FCA’s new rules demand crypto firms to ensure their marketing is “clear, fair, and not misleading,” incorporating prominent risk warnings and eliminating incentives like “refer a friend” bonuses. A 24-hour cooling-off period for new investors and stringent advertising guidelines are also part of the regulations.

The new regulations also require firms promoting crypto products or services to include a clear risk warning in their promotions and verify that individuals have the necessary knowledge and experience to invest in cryptocurrencies. Non-compliance could result in penalties, including up to two years in prison.

The impact of these regulations is already visible in the UK’s crypto market, with firms like Bybit and PayPal withdrawing certain services. Luno, another prominent crypto company, has restricted some clients from investing in cryptocurrencies on its platform.

Read this next

Executive Moves

DriveWealth hires Kyla Murphy, Lauren Veisz from Morgan Stanley

“DriveWealth powers our global partners’ investing and trading applications through a combination of world-class technology and deep industry and regulatory knowledge. Kyla and Lauren each bring specialized expertise in their respective fields, strengthening DriveWealth’s ability to serve our partners globally and expand our platform at scale to meet their needs.”


PrimeXBT to democratise financial markets with total revamp and upgraded product offering

Leading Cryptocurrency broker, PrimeXBT, has just launched a total revamp of its brand, website, and all-in-one platforms, as part of its vision to “democratise the financial markets” and “make investing available to all”. 

Industry News

SEC’s Gensler reminds industry why T+1 is needed

“For everyday investors who sell their stock on a Monday, shortening the settlement cycle will allow them to get their money on Tuesday. Shortening the settlement cycle also will help the markets because time is money and time is risk.”

Industry News

Citi fined £61 million after $189 billion algo order by mistake

The regulator noted that some primary controls at Citi were absent or deficient. In particular, there was no hard block that would have rejected this large erroneous basket of equities in its entirety and prevented any of it reaching the market.


Retik Finance Uniswap Listing Shocker: Why Presale Investors Are Abandoning $RETIK for BlockDAG’s Astounding 30,000x ROI

Explore how major influencers champion BlockDAG’s 30,000X ROI, overshadowing Retik Finance’s Uniswap listing and shifting investor focus.


Crypto Influencer ‘Crypto Jogi’ Names BlockDAG the Leading Investment for 2024, Outshining Retik Finance Exchange Listing

Explore why ‘Crypto Jogi’ has singled out BlockDAG as the investment to watch in 2024, shifting focus from Retik Finance’s upcoming exchange listings.


Over the Moon or Lost in Space? MoonBag Presale vs. Retik Finance and Pepe Coin

Discover why MoonBag presale is the best crypto presale 2024, surpassing Pepe Coin and Retik Finance with innovative features and high returns. Don’t miss out!

Digital Assets

Uniswap challenges SEC’s planned lawsuit over decentralized exchange

Decentralized finance (DeFi) exchange Uniswap is moving to address a looming regulatory spat with the U.S. Securities and Exchange Commission (SEC).

Digital Assets

Solana trader turns $2K into $2.26 million with 1DOL bet

The Solana ecosystem has proven to be a profitable environment for both savvy traders and lucky speculators. In line with this trend, memecoin trader invested 2,275worth of Solana (SOL) to buy a stash of meme coins, which then became worth $2.26 million in just eight hours.