Crypto Exchange Revolut’s Disrupts Itself By Cutting Fees 96%
A major fintech payments leader with strong crypto ambitions in Europe isn’t afraid to sacrifice profitability for volume and stickiness.
Revolut and Revolut X mobile apps
Want to buy Bitcoin? Crypto trading fees run the gamut. PayPal and rival Cash App charge their tens of millions of users as much as 150 basis points (1.5%) fee plus unspecified spread to buy $1,000 worth of bitcoin. Coinbase, the largest crypto exchange by assets, charged its tens of millions of users an average of 143 basis points in transaction fee and spread and generated $1.35 billion in retail trading revenue for Q4 2024. By contrast traditional securities broker Robinhood charges no fee or commission at all.
London-based Revolut, a European-focused…
