Summary
Revolut, a financial technology company, is developing a standalone cryptocurrency exchange and has started inviting select customers to participate. The exchange will target advanced traders and offer deeper analytical tools and lower fees than the app. Revolut paused UK business crypto purchases in December to comply with new regulations and suspended crypto services to US customers in October.
Key Points
1. Revolut is developing a standalone cryptocurrency exchange and is currently sending out invites to select customers.
2. The exchange is targeting “advanced traders” and promises to offer deeper analytical tools and lower fees than the Revolut app.
3. Revolut temporarily paused UK business crypto purchases in December to comply with new regulations from the UK’s Financial Conduct Authority. They also suspended crypto services to US customers in October.