UK-based digital financial institution Revolut is getting 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 principal app.
Reportedly, the charges are set between 0% and 0.09%, and restrict orders is not going to embrace a value. It’s unclear whether or not these charges apply to approaching or present providers, as these numbers seem to explain Revolut’s up to date maker and taker charges.
One other web page means that Revolut prices 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 resulting from regulatory developments in each jurisdictions.
Revolut might checklist Solana’s BONK memecoin
There’s additionally hypothesis that Revolut will checklist 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 latest proposal by the BONK neighborhood that describes a partnership with “one of many largest European fintech” corporations with out naming Revolut particularly. Nonetheless, the proposal additionally describes the companion agency serving 38 million clients 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 major surge in worth in December 2023, setting a brand new all-time excessive. Nonetheless, the memecoin has misplaced a lot of the positive aspects 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 common exchanges equivalent to Binance and Coinbase.
The submit Revolut to launch new crypto trade amidst experiences of itemizing Solana’s BONK memecoin appeared first on CryptoSlate.