Revolut, a British multi-national Neobank, has secured a MiCA license from the Cyprus Securities and Exchange Commission (CySEC).
This means, the fintech firm can now provide regulated crypto services across all 30 countries in the European Economic Area (EEA), strengthening its presence in Europe’s crypto market. This is a bold move that could boost transparency and trust.
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. 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:
“Crypto is a big part of our belief in banking without borders, and securing our MiCA licence is a critical milestone.
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.
“When paired 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,” it said.
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.
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.
Trust with CoinPedia:
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:
All opinions and insights shared represent the author’s own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Link del artículo original
Si el presente artículo, video o foto intrigue cualquier derecho de autor por favor señálelo al correo del autor o en la caja de comentarios.
