Revolut brings crypto exchange to 30 new markets across Europe

Revolut X, an independent crypto exchange launched by neobank Revolut, is now available to customers in 30 new European countries.

London-based fintech giant Revolut is expanding its independent crypto exchange Revolut X to dozens of new countries in the European Economic Area in a bid to expand its reach in the crypto space.

In a Nov. 13 press release shared with crypto.news, Revolut said the exchange will now be available in 30 new countries across the EEA, in a bid to position Revolut X as a “competitive platform” for crypto investors. Leonid Bashlykov, Revolut’s head of crypto exchange product, called the expansion a “major milestone” for the exchange, which launched in early May.

“Feedback from experienced investors has been very positive, with many already benefiting from our near-zero fees, wide range of available assets and seamless integration with Revolut accounts.”

Leonid Bashlykov

In early October, Revolut announced that it had prevented $13.5 million in potentially fraudulent crypto transfers between June and September, and that approximately 92% of crypto transactions were still processed without user intervention. Revolut explained that for the remaining 8%, “additional checks are required to ensure compliance with fraud prevention, anti-money laundering regulations and other measures.”

Revolut has been considering launching its own crypto exchange since 2021, when the London-based company began looking for someone to lead the team to “design and build the Revolut Crypto exchange.” As of April, the company was valued at $25.7 billion and provides crypto services to 30 million customers worldwide and provides access to more than 50 tokens.