Fintech Firm Revolut Secures MiCA License to Expand Crypto Services Across Europe

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Revolut, a British multi-national Neobank, has secured a MiCA license from the Cyprus Securities and Exchange Commission (CySEC). 

Regulated Crypto Services Across Europe

The MiCA license will allow Revolut to provide and market its comprehensive crypto-asset services across all 30 markets in the European Economic Area (EEA) under MiCA legislation.

This is a bold move that could boost transparency and trust. Already serving 65 million users globally, and more than 40 million in Europe, it plans to use the license to expand its crypto offerings.

Emil Urmanshin, Director, Crypto & New Bets, at Revolut, said:

Costas Michael, CEO of Revolut Digital Assets Europe, said that the MiCA license shows CySEC trusts Revolut’s regulatory standards and gives the company the green light to offer reliable, next-generation crypto products to Europe’s growing digital finance community.

Revolut also revealed plans for “Crypto 2.0,” an upgraded platform offering more than 280 tokens, zero-fee staking with up to 22% annual rewards, and direct 1:1 stablecoin-to-USD conversions with no spread.

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Revolut’s Crypto Expansion

Last year, Revolut launched its standalone crypto exchange, Revolut X, in the UK and later expanded it across all 30 EEA markets. The platform is now accessible through mobile apps on both the Apple App Store and Google Play, making it easier for users to trade on the go.

Revolut now attracts over 14 million crypto users globally across both Revolut X and its primary retail app.

Crypto has played a key role in Revolut’s fast growth. Revolut’s wealth segment nearly tripled in revenue last year, fueled by higher crypto trading activity across the industry and the launch of Revolut X. 

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Deepening Its Crypto Push

Revolut has continued to gain traction with its Revolut Ramp feature, which simplifies the on-ramp process by enabling traders to purchase crypto-assets directly in their wallets through partnerships with leading industry names like MetaMask and Ledger . 

It aims to be the leading financial app for the global Web3 community, providing a reliable and easy-to-use platform for crypto trading across the UK, EEA, and beyond.

Earlier this year, reports suggested that Revolut is also preparing to introduce crypto derivatives to its exchange. The company has ambitious plans for the crypto sector, and said that obtaining the MiCA license is fundamental to it.

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