Revolut is set to expand its crypto exchange, Revolut X, across 30 European countries, following its initial launch in the UK earlier this year.

This expansion is driven by the growing opportunities in the Eurozone's crypto market, particularly due to the new Markets in Crypto-Assets (MiCA) regulatory framework.

Leonid Bashlykov, Revolut's head of crypto exchange product, emphasized that the expansion aims to provide a competitive alternative to established platforms and aligns with the company's vision for banking without borders.

In addition to the exchange, Revolut plans to issue its own stablecoin, further enhancing its offerings in the digital asset space.

The MiCA legislation is pivotal as it standardizes crypto regulations across Europe, promoting consumer protection, financial stability, and innovation.

This new regulatory framework lowers compliance barriers for companies, which is expected to encourage a more stable market and greater consumer engagement.

As Europe pioneers comprehensive rules on crypto-assets, it enhances trust and safety for both consumers and businesses.

Revolut X offers a competitive fee structure, including zero fees for maker orders and a low fee of 0.09% for taker orders, regardless of trading volume.

The exchange's zero maker fee model is designed to reduce entry costs for traders, attracting market makers and arbitrage traders looking for high liquidity.

Eligible customers in the European Economic Area (EEA) can trade over 200 cryptocurrencies and tokens using their Revolut bank accounts.

To access Revolut X, users must have a Revolut account based in the EEA or the UK, which provides advanced trading features and real-time analytics.

With over 40 million customers globally, Revolut's significant user base positions it well for this expansion into the European crypto market.