Crypto Revolution: Revolut X Available in 30 New European Countries
Date: 2024-11-13 Author: Oliver Abernathy Categories: BUSINESS
Revolut, a leader in digital financial services, announced on November 13 that it has expanded Revolut X, its independent cryptocurrency exchange, to dozens of new European markets. The company aims to strengthen Revolut X’s position as a competitive cryptocurrency trading service. According to Leonid Bashlykov, head of crypto at Revolut, the expansion is a “major milestone” in the development of the platform, which was launched back in May.
“Feedback from experienced traders has been extremely positive: many have already taken advantage of our near-zero fees, wide selection of assets, and convenient integration with their Revolut accounts,” Bashlykov said.
In October, Revolut reported that it had prevented $13.5 million in potentially fraudulent transactions from June to September. Around 92% of cryptocurrency transfers are processed without user intervention, while the remaining 8% undergo additional checks to comply with fraud prevention and anti-money laundering requirements.
The idea of creating its own crypto exchange came to Revolut back in 2021, when the company began looking for specialists to develop and architect the platform. By April of this year, Revolut was valued at $25.7 billion and provides cryptocurrency services to 30 million customers worldwide, offering access to more than 50 tokens.
