Fintech bank Revolut has updated its platform by enabling users to purchase cryptocurrencies via limit orders instead of using the fixed rate that was previously set.
The firm is now trying to make the process more streamlined by adding the “auto-exchange” feature, which will give users more freedom over the price they will pay for the respective cryptocurrencies.
“Auto-exchange is perfect for trying to get the best exchange rate ahead of your holiday or protecting yourself from market volatility,” Revolut told customers in an email this week.
Revolut went on to state that there would be a €10,000 daily limit on cryptocurrencies, as well as a limit of 30 auto-exchange transactions per month.
Trying to get the best exchange rate ahead of your holiday or protect yourself from market volatility? Meet Auto-Exchange ?https://t.co/Hwv35ucgA1
— Revolut (@RevolutApp) March 5, 2019
“We’ll only carry out your auto-exchange if you have enough money in your Revolut account. You can make up to 30 exchanges per day, with a limit of up to €10,000 per day worth of crypto,” the bank added.
It also emerged that the Chief Financial Officer Peter O’Higgins, who joined in 2016 after 12 years at JP Morgan, had resigned in January.
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