British Fintech firm, Revolut has launched a digital currency trading service in Singapore.
The launch of the digital currency trading services comes following the in-principle approval the London-based fintech firms received from the Monetary Authority of Singapore back in April. According to the report, Revolut will let its users change 27 different fiat currencies, gold and silver, into digital currencies of their choice without attracting foreign exchange fees.
Fees, however, will be incurred in general for core transactions and will be charged based on the tier level of the customer. As pointed out, customers with standard tiers will pay 2.5% in fees, while premium and metal customers will pay 1.5% in fees.
“We plan to provide educational features in the coming months to help customers better understand the trends and risks associated with cryptocurrency,” said Deepak Khanna, head of wealth and trading at Revolut Singapore, “We believe the regulatory strengths in Singapore and...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...