Revolut has obtained a Markets in Crypto-Assets Regulation (MiCA) license from the Cyprus Securities and Exchange Commission (CySEC), allowing it to offer fully regulated crypto services across all 30 markets in the European Economic Area (EEA).
The move marks a significant step in Revolut’s growth in the crypto sector, as the fintech prepares to launch its next-generation “Crypto 2.0” platform, according to a company news release shared with Cointelegraph.
“This authorisation enables us to deliver groundbreaking crypto products with enhanced transparency and trust for our growing customer base, while reaffirming our commitment to crypto as an asset class,” said Costas Michael, CEO of Revolut Digital Assets Europe.
With the MiCA license, Revolut can now offer its complete suite of crypto products under a regulated framework. The company, which serves over 65 million customers globally, including 40 million in Europe, plans to expand its crypto trading, staking, and stablecoin offerings.
Crypto 2.0 to Feature 280 Tokens and Zero-Fee Staking
Revolut also announced its upcoming Crypto 2.0 platform, which will provide access to more than 280 tokens, zero-fee staking with returns of up to 22% annual percentage yield, and 1:1 stablecoin-to-USD conversion without spreads.
“When combined with crypto-enabled Revolut Visa/Mastercard cards, seamless on/off-ramping tools, and Revolut X’s low trading fees (0.00%–0.09%), the platform delivers one of the broadest and most cost-effective crypto experiences in Europe,” the company said.
Revolut Expands Crypto Offerings and Eyes Derivatives Market
Last year, Revolut launched Revolut X, a dedicated desktop crypto exchange aimed at experienced traders. The platform supports trading for 100 tokens, offering low fees and real-time on/off-ramp capabilities.
The company later expanded Revolut X across 30 European Economic Area (EEA) markets, adding mobile access through the App Store and Google Play. According to Revolut, the platform has attracted over 14 million crypto users globally.
Expansion into Crypto Derivatives
In June, a Revolut spokesperson confirmed the fintech’s plans to broaden its crypto services, particularly for institutional clients, following speculation that the firm is preparing to enter the crypto derivatives market.
In May, Revolut announced plans to invest over €1 billion ($1.1 billion) in France and pursue a local banking license as part of its ongoing European expansion.
