UK-based digital financial institution Revolut is making ready to introduce extra intensive crypto trade providers, in keeping with a report from Coindesk on Feb. 16.
That report cites an e mail to a UK buyer describing a “new crypto trade, constructed with superior merchants in thoughts.” The e-mail additionally guarantees that the trade will characteristic “deeper analytical instruments and decrease charges” than Revolut’s foremost app.
Reportedly, the charges are set between 0% and 0.09%, and restrict orders won’t embody a price. It’s unclear whether or not these charges apply to approaching or present providers, as these numbers seem to explain Revolut’s modern maker and taker charges.
One other web page means that Revolut fees a single mounted payment for crypto conversions between 0.99% and 1.99%, relying on the plan.
The newest improvement marks progress in Revolut’s crypto providers following earlier reductions. Revolut decreased UK enterprise entry to crypto providers in December 2023 and suspended US entry to crypto providers in August 2023 as a result of regulatory developments in each jurisdictions.
Revolut might listing Solana’s BONK memecoin
There may be additionally hypothesis that Revolut will listing Solana-based memecoin BONK as a part of a partnership, which can contain working a $1.2 million “study and earn” marketing campaign.
The information is supported by a current proposal by the BONK neighborhood that describes a partnership with “one of many largest European fintech” companies with out naming Revolut particularly. Nonetheless, the proposal additionally describes the companion agency serving 38 million prospects in over 50 nations, which applies to Revolut.
It’s unclear whether or not the anticipated BONK partnership will prolong to Revolut’s present crypto providers or is restricted to its upcoming superior trade.
BONK noticed a big surge in worth in December 2023, setting a brand new all-time excessive. Nonetheless, the memecoin has misplaced many of the positive factors since and is now down 62% from its ATH on Dec. 15.
BONK has been criticized for its extremely centralized provide and the shortage of a whitepaper. Nonetheless, it has gained listings on well-liked exchanges akin to Binance and Coinbase.
The put up Revolut to launch new crypto trade amidst experiences of itemizing Solana’s BONK memecoin appeared first on CryptoSlate.
