Exchange of encryption disrupts itself by cutting the drawings 96 %

A senior leader of high technology payments with strong encryption aspirations in Europe is not afraid to sacrifice profitability for size and meat.

Want to buy bitcoin? Serial coding trading fees. PayPal and Cash App the competitor is paid tens of millions of users as much as up to 150 basis points (1.5 %) in addition to an unlimited spread to buy $ 1,000 from Bitcoin. Coinbase, the largest encryption exchange by assets, imposed tens of millions of users with an average of 143 basis points in transactions fees and spread and generate $ 1.35 billion in retail revenues for the fourth quarter 2024. In contrast to traditional securities, there are no fees or commission at all.

London -based Revolut, a financial services company that focuses on Europe, is valuing $ 45 billion and 9 million encryption users, on rows with a high -resolution peer group. Until last year, most global Crypto users pushed a platform fee from 49 to 149 basis points in addition to the spread of about 100 basis points. Starting on Tuesday, March 25, it launched a Crypto Revolution X exchange application throughout the United Kingdom and Europe, with a zero spread and low -basic basis to the price detainee. Unlike the excessive offer by its traditional financial peers, Revolution offers more than 220 symbols with a total of 400 pairs of couples denominated by three main dollar, euros and euros.

Newest Forbes-calculated The cost is likely It is actually broad bitcoin industry 80 basis points. On the least expensive side of the equation, companies like Robinhood do not charge any fees but do not reveal the average job differences, while OKX and Binance have basic fees of 10 basis points in addition to 20 points per inch.

The high -priced Revolution strategy, which appears to be exposed to the exit, works within the application of the high company that allows users to spend their money, send and invest them – banking services are already available in parts of Europe where the company accumulates licenses in payments, investment and banking services to support the aspirations of the broader financial services. Therefore, it is unusual that with a lot of riding on the comfort of one financial application that does everything, you find Drocolut that it is strategically important that you have a specialized application for a specific product (Crypto), which disrupts at the same time its current high model. A record of record profits of $ 545 million from $ 2.2 billion in total income from 2023 commissions.

Picking the liquidity of encryption has become a top priority for the broader ecosystem in a revolution, and this can only happen if the company can achieve a decisive number of active encryption buyers and sellers. I told the company Forbes “The average active customer X trades 10x more when compared to the average active retail client.”

Although the company’s new pricing strategy will aim to obtain its share in the market from everyone, there is a European competitor in particular, Binance, has the most lost. To a lesser extent, Kraken and Bitstamp (now owned by Robinhood) – all with the important European market share – will see more solid competition. Binance, who has no presence in the large and profitable American market, claims to have more than 250 million users worldwide. It is widely known in the capital and encryption market that 8 % to 9 % of registered users usually become active clients. If this applies to Binance, it is possible that the number of actual users of active users is about 20 million, with many places in places such as Brazil, India and Argentina where medium account sizes are a small part of what they are in Europe. Europe is the most important building market from the customer’s wealth, but it is costly from an organizational perspective. The current pricing strategy in Revolution is less than Binance in Europe, its organizational license is comparable, but the reputation of the revolution with the organizers is better.

In an attempt to expand beyond Europe, Revolution is already flirting with Gen Z and Gen Y users in the United States by displaying payments, currency exchange, zero investment, and savings. Its American banking services come through partnerships with Sutton Bank, based in Ohio and New Jersey’s Cross River.