This UK-based digital bank is to unveil a new crypto exchange: report

This UK-based digital bank is to unveil a new crypto exchange: report
фото показано с : invezz.com

2024-2-17 21:36

Revolut, a leading UK-based digital bank, is reportedly testing a new cryptocurrency exchange, according to CoinDesk. The new exchange will target “advanced traders,” the publication said in a news report published Friday.

Citing a customer email, the report states that Revolut’s new crypto exchange will offer fees of between 0% and 0.09% and feature limit and market orders. The exchange, which the fintech firm says is “built with advanced traders in mind,” will also offer analytical tools.

Revolut to list BONK?

Reports of Revolut’s plans for a new crypto exchange come in a week where it emerged the platform was looking to list Solana-based meme coin Bonk (BONK).

Notably, the company had halted its crypto services to UK-based business customers last December, putting this down to new regulations around crypto from the Financial Conduct Authority (FCA). Today’s email was reportedly sent to a customer in the country.

In unrelated news, Revolut has announced a new AI-scam detection feature that taps into machine learning to detect potential card scams. The feature will help break a scammer’s attack before victims transfer money.

Earlier this year, data analyzed by Invezz showed that Revolut was Europe’s top online bank. Per the report, the London-based company boasted of 35 million users as of January 2024, taking top spot ahead of Wise, N26 and Monzo.

The post This UK-based digital bank is to unveil a new crypto exchange: report appeared first on Invezz

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