Revolut, a UK-based neobank, said on Tuesday it is cutting some of its crypto trading fees.
The decision came in response to customer feedback, which was a sign of the company’s commitment to offering competitive cryptocurrency market rates.
“We’ve listened to your feedback and have decided to update our fee structure,” the company said in an email to customers seen by The Block. “We are pleased to announce a reduction in some of our crypto trading fees.”
The new structure allows for a reduction in trading costs for both standard and premium users. Standard and Plus customers will see crypto trading fees drop from 1.99% to 1.49%, while Premium and Metal customers will receive discounts from 1.49% to 0.99%.
Known for its banking, investment and exchange services, Revolut has allowed cryptocurrency trading on its platform since November 2017.
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