Revolut Targets Young Traders With New Crypto App, Taking on Binance and Coinbase – Finance Magnates

Subscribe to our News & Services
Subscribe to our News & Services
FM ALL News
FM Crypto
Follow us on Twitter
Follow us on Linkedin
After launching a dedicated crypto trading platform for UK users last year, Revolut has now expanded the offering with a new trading app, Revolut X.
The move has positioned the fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term giant as a direct competitor to major exchanges like Binance and Coinbase, signaling Revolut’s renewed focus on crypto after regulatory challenges forced the company to scale back its offerings in the UK and US.
Now, with fixed low fees of between 0–0.09% and fiat-to-crypto conversion, according to the company’s product listing, Revolut X is setting the stage for a new wave of competition in the cryptocurrency space.
⚡️ JUST IN: Revolut has launched a standalone crypto trading app, Revolut X, aiming to rival major exchanges and expand beyond Europe to the U.S. market. pic.twitter.com/UZCmmHJQQp
Revolut X, initially available to UK retail traders, offers over 100 cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, including Bitcoin. The platform enables users to easily convert British pounds into crypto and vice versa, making transactions more accessible.
“Revolut X, along with our recent partnership with MetaMask, further consolidates our product offering in the world of Web3. Together, we are empowering our customers to further grow their wealth, either in fiat or in crypto,” commented Leonid Bashlykov, Head of Crypto Exchange Product at Revolut, during the launch of the platform last year
Revolut’s renewed focus on crypto comes after a period of regulatory uncertainty. In 2023, the company halted crypto services in the UK ahead of new Financial Conduct Authority (FCA) regulations aimed at improving transparency and investor protection.
It also suspended crypto-related services in the US, affecting only a small percentage of users. Now, Revolut is emphasizing compliance as a core strategy for its crypto business. Despite past setbacks, Revolut appears eager to expand.
Revolut has announced the arrival of its point-of-sale (POS) product Revolut Terminal in Spain. I see signs that Revolut is also preparing to introduce Revolut Terminal in Belgium and the Netherlands. https://t.co/QvBz3enfQV
The launch of Revolut X follows the company’s broader efforts to integrate cryptocurrency into its ecosystem. In March 2024, Revolut introduced Revolut Ramp, a service allowing users to buy crypto directly within Web3 wallets through a partnership with Consensys, the developer behind MetaMask.
As Revolut X rolls out and potentially expands beyond the UK, the fintech company is placing itself in direct competition with established crypto firms. Most recently, Revolut reportedly collaborated with Spanish authorities to enable users to pay taxes while broadening its payment solutions with Revolut Terminal.
After launching a dedicated crypto trading platform for UK users last year, Revolut has now expanded the offering with a new trading app, Revolut X.
The move has positioned the fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term giant as a direct competitor to major exchanges like Binance and Coinbase, signaling Revolut’s renewed focus on crypto after regulatory challenges forced the company to scale back its offerings in the UK and US.
Now, with fixed low fees of between 0–0.09% and fiat-to-crypto conversion, according to the company’s product listing, Revolut X is setting the stage for a new wave of competition in the cryptocurrency space.
⚡️ JUST IN: Revolut has launched a standalone crypto trading app, Revolut X, aiming to rival major exchanges and expand beyond Europe to the U.S. market. pic.twitter.com/UZCmmHJQQp
Revolut X, initially available to UK retail traders, offers over 100 cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, including Bitcoin. The platform enables users to easily convert British pounds into crypto and vice versa, making transactions more accessible.
“Revolut X, along with our recent partnership with MetaMask, further consolidates our product offering in the world of Web3. Together, we are empowering our customers to further grow their wealth, either in fiat or in crypto,” commented Leonid Bashlykov, Head of Crypto Exchange Product at Revolut, during the launch of the platform last year
Revolut’s renewed focus on crypto comes after a period of regulatory uncertainty. In 2023, the company halted crypto services in the UK ahead of new Financial Conduct Authority (FCA) regulations aimed at improving transparency and investor protection.
It also suspended crypto-related services in the US, affecting only a small percentage of users. Now, Revolut is emphasizing compliance as a core strategy for its crypto business. Despite past setbacks, Revolut appears eager to expand.
Revolut has announced the arrival of its point-of-sale (POS) product Revolut Terminal in Spain. I see signs that Revolut is also preparing to introduce Revolut Terminal in Belgium and the Netherlands. https://t.co/QvBz3enfQV
The launch of Revolut X follows the company’s broader efforts to integrate cryptocurrency into its ecosystem. In March 2024, Revolut introduced Revolut Ramp, a service allowing users to buy crypto directly within Web3 wallets through a partnership with Consensys, the developer behind MetaMask.
As Revolut X rolls out and potentially expands beyond the UK, the fintech company is placing itself in direct competition with established crypto firms. Most recently, Revolut reportedly collaborated with Spanish authorities to enable users to pay taxes while broadening its payment solutions with Revolut Terminal.
Share this article
Get all the top financial news delivered straight to your inbox. Stay informed, stay ahead.
By subscribing, you agree to our Terms of Use and Privacy Policy. You may unsubscribe at any time.
Follow Us
Looking for a Service?
Looking for a Service?
Finance Magnates is a global B2B provider of multi-asset trading news, research and events with special focus on electronic trading, banking, and investing. Copyright © 2025 "Finance Magnates CY Ltd." All rights reserved.
For more information, read our Terms, Cookies and Privacy Notice Manage Cookies

source