Revolut announced in a statement that it will reduce crypto currency trading fees by about 20 percent from October.
The company made the announcement via e-mail sent to its customers.
Revolut Cuts Transaction Fees Despite Bad Market
UK-based Revolut is frequently on the agenda with its recent statements and decisions. The company, which has 17 million customers in Europe and has been approved for crypto money services, has also announced that it will increase its workforce in the crypto space.
Statement from RevolutIn an email, the firm informed its customers that it has reduced its crypto buying and selling fees from 2.50 percent to 1.99% or 0.99 euros, whichever is higher.
The announced decrease in rates corresponds to a rate of approximately 20.4 percent. Despite the fact that the crypto money market was in a bear period, this decline was interpreted as the company’s pro-user.
In addition, Revolut announced that it gained approximately 1.5 million new users per month after the “Learn and Earn” system it introduced while launching its crypto learning platform in August. It was also announced that especially “Learn and Earn” users use the platform from at least 32 countries around the world.
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