Revolut, a UK-based neobank, has expanded its crypto exchange, Revolut X, to all 30 European Economic Area (EEA) countries. The expansion means that experienced crypto traders in these countries can now buy and sell over 200 cryptocurrencies via Revolut’s desktop platform. The company has been offering crypto trading services to its customers since 2017, and the launch of Revolut X as a standalone platform took place earlier this year in the UK.
Revolut’s decision to expand to the EEA is part of its strategy to “make a real impact in the crypto trading space and offer a strong alternative to some of the more established platforms.” However, the platform will be limited to customers with EEA- or UK-based accounts. This news comes a year after Revolut had to suspend its crypto offerings in the U.S., citing regulatory uncertainties and the evolving crypto market in the country.
