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Revolut brings crypto to 30 new countries
By Davide Grammatica
The Revolut X crypto exchange, launched in 2024 in the UK, has expanded into 30 new European markets, and aims to become a benchmark in CeFi
Revolut's expansion
Fintech company Revolut continues to focus on cryptocurrencies in full compliance with the new European MiCA regulation, despite the fact that this very regulation had created quite a few problems for the company’s development plans.
As announced in an official statement reported by The Block, the Revolut X cex , hitherto relegated to the United Kingdom, is expanding to 30 new European markets, enlarging a user base that would already boast 45 million customers.
“With the expansion of Revolut X we aim to turn the cryptocurrency trading space around, offering a viable alternative to some of the more established platforms,” said Leonid Bashlykov, head of product at Revolut.
More than 200 different cryptos will then once again be available to most EU-based users, complete with market monitoring and real-time trading tools.
CeFi in the days of MiCA
Revolut began offering crypto-related services in 2017. Last May, in response to the regulatory compliance required by the EU, Revolut X was launched to address the discontinuation of its corporate-dedicated crytpo services in the Uk and the cessation of operations in the US.
In fact, the application did not go to replace but to expand the capabilities of the existing platform. And, as announced from the beginning, it will offer more and more tools to operate in the market following a very extensive development plan in the coming months.
Among the likely innovations could also be a stablecoin issued by the company, to compete in a sector that is booming and also taken by storm by other fintech giants such as PayPal with its PYUSD.
