Key takeaways
- London-based Revolut has launched Revolut X to compete with leading crypto exchanges.
- Bitbot’s presale has now officially crossed the $3.2 million mark.
Revolut X is now live for experienced traders
Financial institutions continue to troop into the cryptocurrency space and London-based Revolut will not be left out. The digital bank announced the launch of Revolut X earlier today as it seeks to compete with the leading cryptocurrency exchanges.
Revolut X is a standalone exchange designed to attract users to trade through it instead of buying and selling cryptocurrencies with the Revolut app. Revolut X offers lower fees and currently charges zero fees to the maker of a trade and 0.09% to the taker.
What is Bitbot?
As major institutions continue to enter the crypto space, new projects continue to emerge to provide better services to users. Bitbot is one of the projects to look out for as it is set to introduce AI to the crypto trading ecosystem.
Bitbot is a Telegram AI trading bot that allows traders to gain access to some exciting features that would help them with their cryptocurrency trading journey. This solution will make it easier for users to trade cryptocurrencies via their cold wallets on Telegram.
Telegram is currently the leading messaging platform for cryptocurrency users and Bitbot intends to leverage its millions of users to gain massive adoption. Bitbot will give traders access to a wide range of tools that will help them execute trade faster, securely and more transparently.
Bitbot is launching its solution at a time when the total cryptocurrency market cap is approaching the $3 trillion mark. Bitbot could provide services to retail and institutional traders in the cryptocurrency market.
Bitbot to provide AI trading services to retail traders
Bitbot will provide trading services to retail traders as they remain crucial to the crypto market. This trading tool will focus on offering tech-savvy features to ease the trading process for users.
The security of user assets is a crucial part of Bitbot. Bitbot will use the Knightsafe feature to offer a self-custody solution, eliminating the typical risks associated with Telegram trading.
In addition to that, the platform will integrate anti-MEV and anti-rug solutions to help users protect their assets. With these security features, traders won’t fall for scam…