Revolut tells customers it's lowering crypto trading fees

Revolut, a UK-based neobank, said Tuesday that it's reducing some of its crypto trading fees.

The decision came as a response to customer feedback, signaling the firm's commitment to offering competitive cryptocurrency market rates.

"We've been listening to your feedback, and have decided to update our fee structure," the company said in email sent to customers seen by The Block. "We're happy to announce a reduction to some of our crypto trading fees."

The new structure will bring a decrease in trading fees 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 get reductions from 1.49% to 0.99%.

Revolut, well-known for its banking, investing, and currency exchange services, has allowed cryptocurrency trading on its platform since November 2017.