Revolut about to cut crypto fees by 20% from October

Revolut announced to its customers via email that starting October 3, 2022, it would change its fees for “buying and selling cryptocurrencies from 2.50% to 1.99% or €0.99, whichever is the higher”.

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In recent months, Revolut Bank received regulatory approval to provide cryptocurrency services to its 17 million customers in Europe.

It also announced that it has ambitions to expand its cryptocurrency workforce on the continent.

As long as your trade is over £40, the new pricing structure means a lower cost. However, any figure below this means a higher cost than before.

The price drop for cryptocurrency trading represents a decrease of 20.4%. Whether this is due to the volatility in the cryptocurrency market remains to be seen. 

Despite the massive correction that took place in 2022, the bank has seen interest from customers in gaining knowledge about cryptocurrencies.

Revolut declared in August that its crypto learning stage has drawn in around 1.5 million clients a month in the wake of sending off.

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The ‘Gain and Earn’ students have used the stage from no less than 32 nations universally.

“We see crypto as a long-term play and remain bullish on the crypto industry,” said Emil Urmanshin, crypto general manager at Revolut.