TLDR
- Revolut earns MiCA license to power EU-wide crypto expansion.
- Cyprus named Revolut’s central hub for EEA crypto operations.
- Crypto 2.0 launch promises zero-fee staking and USD conversions.
- 14M users fuel Revolut’s surging crypto-driven revenue growth.
- MiCA approval cements Revolut as a top EU fintech crypto leader.
Revolut has secured the Markets in Crypto Assets (MiCA) license from the Cyprus Securities and Exchange Commission (CySEC). This Revolut MiCA license enables the company to provide regulated crypto services across the European Economic Area (EEA). The approval strengthens Revolut’s position as a major fintech player in Europe’s evolving digital finance space.
Cyprus Becomes Central Hub for EU Crypto Operations
The Revolut MiCA license allows the company to base its EEA crypto operations in Cyprus, ensuring full regulatory compliance. Cyprus will now function as a strategic hub supporting crypto activities across all 30 EEA countries. This development aligns with the new MiCA regulatory framework that is now effective throughout the EU.
Revolut confirmed that its Cyprus operations will oversee the expansion of crypto services, focusing on transparency and user protection. The license also ensures Revolut can maintain and grow its services without disruption in the EU market. Revolut plans to use this foundation to introduce its next-generation offerings.
The fintech firm aims to deliver new features through its upcoming “Crypto 2.0” platform. The new platform will offer more than 280 tokens, zero-fee staking, and direct stablecoin-to-USD conversions. Revolut’s regulatory setup through the Revolut MiCA license supports these ambitious product rollouts.
Crypto 2.0 Platform Launch Targets European Growth
The rollout of Crypto 2.0 marks a significant milestone in Revolut’s digital asset strategy. The platform will include zero-fee staking and rewards up to 22% annual yield to attract crypto users. Revolut will also offer 1:1 stablecoin-to-USD conversions without spreads.
This expansion follows the success of Revolut X, the company’s dedicated crypto trading platform launched in 2024. Revolut integrated its services with wallet providers like MetaMask and Ledger to enhance access and functionality. These integrations align with the MiCA guidelines on asset custody and exchange operations.
Revolut MiCA license compliance allows the company to standardize operations and offer uniform services across the EEA. With full regulatory backing, Revolut anticipates increasing customer confidence and participation in its cryptocurrency products. The new features position the platform as a comprehensive digital finance solution.
Crypto Business Fuels Revenues and Customer Growth
Revolut reported that over 14 million of its 65 million customers actively use its crypto services. These users have completed know-your-customer checks and have been fully onboarded for digital asset trading. The Revolut MiCA license ensures these services continue without legal uncertainties.
Crypto has contributed significantly to Revolut’s revenue growth, especially under the “Wealth” segment, which almost tripled last year. Increased trading volume and the Revolut X exchange played a crucial role in driving this performance. The company’s latest developments aim to build on this momentum.
Revolut continues to strengthen its crypto footprint while ensuring full regulatory alignment. The Revolut MiCA license offers the foundation to deliver trusted and compliant crypto products throughout the EU. This move positions Revolut as a leader in the regulated European crypto space.
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