Drocolut targets young traders with a new encryption app, Binance and Coinbase – TradingView News
After launching an encrypted trading platform for UK users last year, Revolution has now expanded the offer through a new commercial application, Revolut X.
This step has put the Fintech giant as a direct competitor to major exchanges such as Binance and Coinbase, indicating the Revolut Renewable Concentration on encryption after the organizational challenges that forced the company to expand its offers in the United Kingdom and the United States.
Now, with a fixed low fee ranging from 0-0.09 % and converting Fiat to Crypto, according to the inclusion of the company’s products, Revolution X puts the way for a new wave of competition in the encrypted currency area.
⚡ Only in: Revolution launched the independent Trading Crypto app, Revolution X, with the aim of competing with the main exchanges and expanding beyond Europe to the US market. pic.twitter.com/uzcmmhjqp
A new competitor enters the encryption market
Revolution X, initially available to retail traders in the United Kingdom, offers more than 100 encrypted currencies, including Bitcoin. The basic system for users allows the conversion of British pounds easily to encryption and vice versa, making transactions easier.
“Driebut X, along with our recent partnership with Metamask, is increasing unifying our products in the world of Web3.
Revolut is the regenerative concentration on encryption after a period of organizational uncertainty. In 2023, the company suspended encryption services in the United Kingdom before the new financial behavior authority regulations (FCA) aimed at improving transparency and protecting the investor.
The encryption services in the United States also suspended, which only affects a small percentage of users. Now, a revolution emphasizes compliance as a basic strategy for her encrypted works. Despite the previous setbacks, the revolution appears to be keen to expand.
Revolution has announced the arrival of the Drovolut Product (POS) points (POS) in Spain. I see signs that a revolution is also preparing to present a revolution in Belgium and the Netherlands. https://t.co/qvbz3enfqv
Organizational challenges and expansion in the future
The launch of the Drosolut X follows the efforts of the broader company to integrate the cryptocurrency into its ecosystem. In March 2024, Revoleut Ramp Ramp, a service that allows users to buy Crypto directly inside the web3 portfolios through a partnership with Conssensys, developed behind Metamask.
With the spread of Droclut X and may expand outside the United Kingdom, Fintech puts itself in direct competition with the applicable encryption companies. Recently, Revolution has been said to have cooperated with the Spanish authorities to enable users to pay taxes while expanding their payment solutions with a revolution station.
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