#Revolut #CryptoExchange #Cryptocurrency #BONK #Solana #DigitalBanking #Fintech #CryptoFees
UK-based digital bank Revolut is expanding its foothold in the cryptocurrency market by gearing up to launch more robust crypto exchange services. This initiative was highlighted in a recent Coindesk report on February 16, which detailed an email sent to a UK customer. The email outlined the introduction of a new crypto exchange specifically designed for advanced traders. This forthcoming platform is expected to enhance the user experience by providing deeper analytical tools and implementing lower fees compared to what is currently offered through Revolut’s main application. The outlined fees for the new exchange range between 0% and 0.09%, with no cost associated with limit orders. However, it remains ambiguous if these rates are applicable to the upcoming services or pertain to the existing maker and taker fees detailed by Revolut.
In addition to this development in its crypto exchange domain, Revolut is also speculated to be broadening its cryptocurrency offerings by potentially listing the Solana-based memecoin, BONK. This speculation is fueled by a partnership that includes a “$1.2 million learn and earn” campaign tied to BONK. Despite no official confirmation directly naming Revolut, a proposal from the BONK community pointed towards a collaboration with “one of the biggest European fintech” companies, with characteristics fitting Revolut’s profile. This move comes after BONK’s significant surge in value during December 2023, despite recent criticisms regarding its highly centralized supply and the absence of a formal whitepaper. Nonetheless, the coin has managed to secure listings on high-profile exchanges, indicating a growing interest in memecoins within the cryptocurrency landscape. Revolut’s commitment to expanding its crypto services, despite earlier reductions due to regulatory constraints, signals a growing trend of digital banks embracing the volatile yet burgeoning world of cryptocurrency trading and investment.
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