- Revolut is launching a new cryptocurrency exchange with advanced trading tools, lower fees, and deeper analytics to appeal to seasoned crypto traders.
- There is speculation that Revolut may list the Solana-based memecoin BONK as part of a partnership, based on a BONK community proposal.
- BONK saw a surge in price in December 2022 but has since lost most of those gains, despite gaining listings on major exchanges.
The U.K.-based digital bank Revolut is preparing to introduce more extensive cryptocurrency exchange services, according to a recent report. This development marks growth for Revolut’s crypto offerings after earlier reductions in service.
Revolut’s New Crypto Exchange Features
The upcoming exchange will have advanced trading tools, deeper analytics, and lower fees compared to Revolut’s main app, according to an email sent to a UK customer. Reportedly, fees will be between 0% and 0.09%, with no fees for limit orders. These features aim to appeal to advanced crypto traders.
Speculation of BONK Listing and Partnership
There is speculation that Revolut may list the Solana-based memecoin BONK as part of a partnership. This is supported by a BONK community proposal describing a partnership with a major European fintech firm. It is unclear whether the expected BONK partnership will extend to Revolut’s current or upcoming crypto services.
BONK Background
BONK saw a surge in December 2022, reaching an all-time high price. However, it has since lost most of those gains. BONK has been criticized for its centralized supply and lack of a whitepaper, but has still gained listings on major exchanges.
Conclusion
Revolut’s planned crypto exchange aims to provide advanced trading features to attract seasoned crypto traders. The expected listing of niche memecoin BONK also signals an openness to emerging crypto assets. However, regulatory uncertainty remains a barrier for Revolut’s crypto expansion.
