Digital banking giant Revolut has announced it will be expanding its crypto exchange platform to thirty new markets across Europe, leveraging new opportunities under the EU’s flagship crypto-asset regulations.

Revolut X, the digital banks standalone crypto trading platform, was launched back in May offering the ability to buy crypto directly with fiat currency, providing Revolut’s UK customers an easier way to buy and sell cryptocurrency away from the app.

Now, following its success in the UK, Revolut X will be rolled out to Europe, where the bank’s forty million customers will have access to trade over 200 different tokens, and gain advantage of the low fees involved, with no fees to limit orders and just a 0.09% fee for market orders.

With other major crypto trading platforms bracing for tougher rules under the EU’s new Markets in Crypto-Assets (MiCA) legislation, Revolut stands out as taking a more proactive approach to embracing the forthcoming regulations.

Unlike Coinbase, which recently announced it was delisting some stablecoins in Europe to meet the MiCA rules, Revolut X will hit the European continent with the fresh crypto regulations already baked in, with the bank having consistently taken a compliance-first approach, including making sure the initial launch of Revolut X met strict UK trading safety rules.    

Revolut hopes that its position as a big player entering into a currently uncertain crypto market in Europe will provide a competitive edge, allowing the bank to take advantage of a newly unified market rather than adapting its current model. 

“The feedback from experienced traders has been very positive, with many already taking advantage of our near-zero fees, wide range of available assets, and seamless integration with their Revolut accounts,” said Leonid Bashlykov, head of product for crypto exchange at Revolut.

“With the expansion of Revolut X, we’re aiming to make a real impact in the crypto trading space and offer a strong alternative to some of the more established platforms.”

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The company is pushing ever further into digital assets since initially launching a crypto exchange in 2017, having rolled out a virtual card for making everyday payments in crypto, as well as expanding its crypto team by 60% in just the last few months.

Adding to that, Revolut is reportedly in the last stages of developing its own stablecoin to add to its growing crypto suite, with the fintech giant possibly looking to get in on the ground floor of the $172 billion (£135.3 billion) stablecoin market. 

This is all in an effort to grow its share of the crypto market, which Revolut CEO Nikolay Storonsky said already accounted for up to 35% of the bank’s total profit back in 2022.