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Revolut expands crypto trading to 30 European countries
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Revolut expands crypto trading to 30 European countries

Revolut, a London-based neobank, is expanding its Revolut X crypto exchange to all 30 countries in the European Economic Area (EEA).

The EEA includes all 27 countries of the European Union, as well as Iceland, Liechtenstein and Norway.

Revolut was one of the early adopters of cryptocurrency, offering cryptocurrency trading to its customers since 2017. Although the bank offered cryptocurrency trading for yearsbut the bank launched Revolut X as a standalone crypto trading platform in the UK earlier this year.

The company said in a press release that the expansion means “experienced cryptocurrency traders in Europe across all 30 EEA countries will now be able to buy and sell over 200 cryptocurrencies through the Revolut desktop platform.”

“Feedback from experienced traders has been very positive, with many already taking advantage of our near-zero fees, wide range of available assets and seamless integration with their Revolut accounts,” said Leonid Bashiykov, head of product for the exchange of Revolut cryptocurrencies. , in a press release “With the expansion of Revolut X, we aim to make a real impact in the crypto trading space and offer a strong alternative to some of the more established. platforms”.

The Revolut X platform will be limited to customers with EEA or UK bank accounts.

The news of the expansion comes a year after the bank had to suspends its crypto offerings for US customers At the time, a bank spokesman said decrypts that “Revolut is actively pursuing alternative means of providing access to crypto products and we hope to offer cryptocurrencies in the US again in the future.” But there has been no update on what that might look like.

“As a result of the evolving regulatory environment and uncertainties surrounding the US crypto market, we have made the difficult decision, together with our US banking partner, to suspend access to cryptocurrencies through Revolut in the US,” Revolut’s spokesperson said . said last year. “This decision has not been taken lightly and we understand the disappointment it may cause.”

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