Revolut Cuts Crypto Fees & Unveils Game-Changing App for Traders

Revolut Disrupts Crypto Market with Fee Reductions

Revolut, a London-based financial services firm valued at $45 billion, has made a bold move in the crypto market by drastically reducing its trading fees. Previously, users were charged platform fees ranging from 49 to 149 basis points, plus a spread of about 100 basis points. However, with the launch of its dedicated crypto app, Revolut X, the company now charges a mere 9 basis points to price takers and zero spread. This new pricing strategy is significantly lower than the industry average of 80 basis points, as calculated by Forbes.

The Revolut X app, launched on March 25, 2025, offers over 220 tokens and 400+ trading pairs denominated in US dollars, euros, and sterling. The company aims to capture a larger share of the crypto market by increasing the activity of its users. According to Revolut, the average active Revolut X customer trades ten times more than the average active retail customer. This aggressive pricing strategy is expected to challenge competitors like Binance, Coinbase, and Kraken, particularly in the European market.

"The average active Revolut X customer trades 10x more when compared with the average active Revolut retail customer," Revolut told Forbes.

Key Takeaways:

Revolut reduces crypto trading fees to 9 basis points with zero spread.
The Revolut X app offers over 220 tokens and 400+ trading pairs.
Competitors like Binance and Coinbase face increased competition in Europe.

Ethereum-Based Altcoins Surge After Coinbase Listing

Coinbase, a leading US-based crypto exchange, has added three Ethereum-based altcoins to its platform, causing their prices to soar. The newly listed tokens include AltLayer (ALT), Pendle (PENDLE), and Layer3 (L3). AltLayer, a decentralized roll-up protocol, saw its price rise from $0.037 to $0.041, an 8.3% increase. Pendle, which tokenizes yields, climbed from $2.83 to $2.95, a 3.7% gain. Layer3, a gamified learning platform, experienced the most significant growth, jumping 17.5% from $0.087 to $0.104.

The announcement was made on March 21, 2025, and the tokens were officially added to Coinbase's platform a week later. The listing roadmap, designed to increase transparency and prevent front-running, has proven effective in boosting market confidence and driving demand for these assets.

Key Takeaways:

AltLayer (ALT) price increased by 8.3% to $0.041.
Pendle (PENDLE) gained 3.7%, reaching $2.95.
Layer3 (L3) saw a 17.5% surge, trading at $0.104.

Crypto.com Faces Allegations of Token Manipulation

Crypto.com is under scrutiny following allegations of re-minting 70 billion CRO tokens, which were previously burned in 2021. The token burn was initially celebrated as a deflationary measure to increase the value of CRO. However, recent claims suggest that the tokens were secretly re-minted, raising concerns about transparency and trust within the crypto community.

Blockchain analysis has reportedly revealed discrepancies between the publicly announced circulating supply and the actual number of tokens held in wallets associated with Crypto.com. The lack of an official response from the company has further fueled speculation and community outrage. If proven true, these allegations could significantly damage Crypto.com's reputation and the value of CRO.

Key Takeaways:

Allegations of re-minting 70 billion CRO tokens have surfaced.
Community concerns about transparency and trust are growing.
Potential impact on CRO value and Crypto.com's reputation.

WhiteBIT Expands to Australia

WhiteBIT, the largest European cryptocurrency exchange by traffic, has officially launched its platform in Australia. The company, which serves over 35 million users globally, aims to tap into the growing demand for digital assets in the region. WhiteBIT has registered with AUSTRAC as a Digital Currency Exchange Provider and Independent Remitter Dealer, ensuring compliance with local regulations.

Australia's crypto adoption rate stands at 9.6%, according to Triple-A data, making it an attractive market for expansion. WhiteBIT offers over 780 trading pairs and 330+ assets, catering to both novice and experienced traders. The company plans to further expand its product offerings in Australia while maintaining a focus on regulatory compliance.

Key Takeaways:

WhiteBIT launches in Australia, targeting a 9.6% crypto adoption rate.
The platform offers 780 trading pairs and 330+ assets.
Focus on regulatory compliance and expanding product offerings.

Sam Bankman-Fried Moved to Oklahoma Facility

Sam Bankman-Fried (SBF), the convicted founder of FTX, has been transferred from the Metropolitan Detention Center in Brooklyn to a transit facility in Oklahoma City. The move follows an unsanctioned jail interview conducted by journalist Tucker Carlson on March 6, 2025. SBF, who was convicted of seven counts of fraud in November 2023, is currently serving a 25-year prison sentence and owes over $11 billion in forfeiture.

The transfer has sparked discussions about the implications of unauthorized media access in detention facilities. SBF's parents are reportedly seeking a presidential pardon for their son, adding another layer of complexity to the ongoing saga surrounding the collapse of FTX.

Key Takeaways: