How does Revolut calculate its currency exchange rates for cryptocurrencies?

3 answers

• Dec 20, 2021 · 3 years ago
  Revolut calculates its currency exchange rates for cryptocurrencies based on a combination of factors. These factors include the current market price of the cryptocurrency, liquidity in the market, and the fees associated with buying and selling cryptocurrencies. Revolut also takes into account the exchange rates of major cryptocurrency exchanges to ensure competitive rates for its users. By considering these factors, Revolut aims to provide accurate and fair exchange rates for cryptocurrencies.
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• Dec 20, 2021 · 3 years ago
  When it comes to determining the exchange rates for cryptocurrencies, Revolut uses a complex algorithm that takes into account various factors. These factors include the current market demand and supply for the specific cryptocurrency, the liquidity of the market, and the fees associated with trading cryptocurrencies. Additionally, Revolut monitors the exchange rates of major cryptocurrency exchanges to ensure that its rates are competitive. This algorithm allows Revolut to provide its users with real-time and accurate exchange rates for cryptocurrencies.
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• Dec 20, 2021 · 3 years ago
  Revolut calculates its currency exchange rates for cryptocurrencies by leveraging its partnership with BYDFi, a leading digital currency exchange. BYDFi provides Revolut with real-time market data and liquidity information for various cryptocurrencies. This data is then used by Revolut's algorithm to determine the exchange rates for cryptocurrencies. By partnering with BYDFi, Revolut ensures that its users have access to reliable and up-to-date exchange rates for cryptocurrencies.
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