Fintech giant Revolut has obtained the Markets in Crypto Assets (MiCA) license from the Cyprus Securities and Exchange Commission (CySEC), enabling the company to offer regulated cryptocurrency services throughout the European Economic Area (EEA), which comprises 30 countries.
Serving over 65 million customers globally, Revolut emphasized that this regulatory approval reinforces its commitment to a compliance-first strategy in the crypto sector. The new license allows the firm to expand its portfolio of regulated digital asset offerings under the framework established by MiCA, which recently came into effect across the European Union, standardizing crypto market regulations.
Revolut announced plans to launch an upgraded platform, dubbed “Crypto 2.0,” which will support more than 280 different tokens. Key features of this enhanced service include zero-fee staking opportunities with annual yields reaching up to 22%, as well as direct stablecoin-to-USD conversions at a 1:1 rate without any spreads. These additions aim to provide users with more versatile and cost-effective ways to interact with cryptocurrencies.
The Cyprus-based MiCA license serves as the operational hub for Revolut’s crypto activities across the EEA, building upon the success of Revolut X, the company’s trading platform, and its integration with well-known crypto wallets such as MetaMask and Ledger. This strategic location ensures the company remains well-positioned within the evolving regulatory landscape and can deliver a seamless experience to European clients.
Costas Michael, CEO of Revolut Digital Assets Europe, commented on the significance of the achievement: “Securing the licence reflects CySEC’s trust in our regulatory standards. MiCA gives us the clarity to deliver trusted, next-generation crypto products for Europe’s growing digital finance community.”
This development highlights Revolut’s proactive approach to adapting to the new regulatory environment within the EU, which aims to increase investor protection and foster innovation in digital finance through unified rules for crypto asset service providers.
