UK-based digital financial institution Revolut is making ready to introduce extra intensive crypto change providers, in accordance with a report from Coindesk on Feb. 16.
That report cites an electronic mail to a UK buyer describing a “new crypto change, constructed with superior merchants in thoughts.” The e-mail additionally guarantees that the change will characteristic “deeper analytical instruments and decrease charges” than Revolut’s most important 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 modern maker and taker charges.
One other web page means that Revolut expenses a single fastened price for crypto conversions between 0.99% and 1.99%, relying on the plan.
The newest improvement marks development in Revolut’s crypto providers following earlier reductions. Revolut lowered UK enterprise entry to crypto providers in December 2023 and suspended US entry to crypto providers in August 2023 as a result of regulatory developments in each jurisdictions.
Revolut might checklist Solana’s BONK memecoin
There may be additionally hypothesis that Revolut will checklist Solana-based memecoin BONK as a part of a partnership, which is able to contain operating a $1.2 million “be taught and earn” marketing campaign.
The information is supported by a latest proposal by the BONK group that describes a partnership with “one of many greatest European fintech” companies with out naming Revolut particularly. Nevertheless, the proposal additionally describes the associate agency serving 38 million prospects in over 50 international locations, which applies to Revolut.
It’s unclear whether or not the anticipated BONK partnership will lengthen to Revolut’s present crypto providers or is restricted to its upcoming superior change.
BONK noticed a major surge in worth in December 2023, setting a brand new all-time excessive. Nevertheless, the memecoin has misplaced many of the features since and is now down 62% from its ATH on Dec. 15.
BONK has been criticized for its extremely centralized provide and the dearth of a whitepaper. However, it has gained listings on well-liked exchanges akin to Binance and Coinbase.
The publish Revolut to launch new crypto change amidst experiences of itemizing Solana’s BONK memecoin appeared first on CryptoSlate.
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