Revolut looking to develop its own crypto exchange

Karthik Subramanian

Revolut, one of the largest trading platforms in Europe, has signaled its intentions for developing a crypto exchange of its own as it has put up a job posting looking for a tech lead for the exchange development.

Revolut has been slowly and steadily moving into the crypto space as it has recognized that the volatility of these instruments is likely to attract a lot of trading volumes and with the volumes reducing for other instruments, traders have continued to pile into cryptos and its popularity has been rising over the last 2 years. This has forced trading platforms to quickly pivot their offerings and Revolut has been quick to do so by offering crypto trading and also planning to introduce its crypto tokens shortly as well. The development of the crypto exchange seems to be a new plan but considering that it is a trading platform that has a massive reach, it makes sense for it to build a crypto trading platform as well.

The new job posting has called for a tech lead to developing a crypto exchange and for someone who has more than 7 years of experience in the tech field and who has very good experience with building matching engines and with leading large tech teams as well. It could be looking to develop this platform during 2022 which will add to the many exchanges that are already established in different parts of Europe. It remains to be seen what kind of exchange it would be and whether it would be centralized or decentralized.

Being a licensed entity, this new platform is likely to come under scrutiny from the regulators in the UK and like Coinbase in the US, it could find that some of its products may not find favor with the authorities. With increased regulations expected in the future, Revolut would be looking to work with the various regulators in different parts of Europe and also in the UK to make sure that its products are in conformance and this will give great confidence to the 16 million users that are on its platform to trade more of crypto without the threat of getting shut down, unlike Binance which has been facing a lot of trouble with the authorities across the UK and European region.

Read this next


CloudMargin’s Stuart Connolly on how to manage collateral amid high rates at FIA Boca 2023

FinanceFeeds Editor-in-Chief Nikolai Isayev spoke with Stuart Connolly about CloudMargin’s SaaS platform, said to be the only cloud-native collateral and margin management system in the industry, at a time of stress due to rising interest rates.


Baton Systems’ Alex Knight on solving post-trade with DLT at FIA Boca 2023

FinanceFeeds Editor-in-Chief Nikolai Isayev spoke with Alex Knight about Baton Systems’ about rising settlement fails, collateral management, and the profile of DLT beyond cryptocurrencies.

Industry News

Wise claims 92% of banks hide or inflate FX fees despite Cross-Border Payments Regulation 2

“Banks continue to exploit loopholes in EU regulation to mislead their customers and overcharge them through fees hidden in inflated exchange rates.”

Industry News

Goliath Partners opens Miami headquarters to recruit C++ developers for fintech and trading

I’m extremely excited to be pursuing this venture and having the backing of such knowledgeable entrepreneurs who have seen success time and time again. We’ve already made brilliant headway working with leading investment houses and trading exchanges. It’s just the start, but we’re already making a huge difference with our work.”

Industry News

IOSCO calls for cooperation against cross-border scams, greenwashing, misconduct, and fraud

“Regulators need effective resources, practices, tools, and techniques to promote consumer protection and market integrity, which is supported through participation in critical multilateral forums such as IOSCO.”

Institutional FX

Archax rolls out tokenization engine as LawtechUK confirms legal standing of tokens

“As the UK’s first FCA regulated digital securities exchange, we are now building on this to pave the way to make traditional assets interoperate with Web 3.0.”


Broadridge migrates bond e-trading platform LTX to AWS

“LTX is committed to offering innovative e-trading technology that facilitates transparency and liquidity discovery. By migrating to AWS, LTX can leverage the scalability of the cloud to continue to deliver enhanced data and execution capabilities to our clients.”

Executive Moves

CME Group taps Tim McCourt as Head of Financial & OTC Products as Sean Tully retires

“We appreciate the leadership Sean provided over the past decade for our financial products businesses, which included the successful migration to SOFR derivatives that now serve as the leading tool for hedging short-term interest rates. We are fortunate to have Tim McCourt, who has extensive experience across financial products, to lead these important business lines that allow our clients to manage risk in key asset classes.”

Industry News

Euronext’s ELITE launches WTC Lisboa academy to promote Portuguese companies

“The launch of this project helps shape our aligned objective of supporting entrepreneurs and executives in upskilling and empowering their strategies and business opportunities. For WTC Lisboa, this represents a milestone in its strategy of promoting the internationalisation of the Portuguese economy.”