London-based neobank Revolut is expanding its Revolut X crypto exchange to all 30 European Economic Area (EEA) countries according to news site PYMNTS. The EEA includes all EU members including Iceland, Liechtenstein, and Norway.
Revolut has offered crypto trading since 2017, but Revolut X is its first standalone platform. Launched in the UK earlier this year, Revolut X now broadens access to crypto trading across Europe.
Experienced traders in the EEA can buy and sell over 200 cryptocurrencies on this desktop platform. Revolut’s crypto head, Leonid Bashiykov, says traders appreciate the platform’s near-zero fees and wide asset range. “With Revolut X, we aim to become a strong alternative in the crypto trading space,” Bashiykov noted.
See Related: Robinhood And Revolut Consider Entering Stablecoin Market
Revolute’s History In Europe
Revolut’s European expansion follows its suspension of U.S. crypto services in 2023 due to regulatory challenges. At that time, a Revolut spokesperson expressed hope to reintroduce crypto in the U.S. once regulations become more favorable. The company is monitoring U.S. developments for future opportunities to serve American customers.
The Revolut X platform is exclusively available to customers with accounts based in the EEA or UK. Revolut’s goal is to increase crypto accessibility throughout Europe while maintaining a reliable platform for users.