Revolut has just obtained the coveted MiCA license from the Cyprus Securities and Exchange Commission (CySEC). This milestone now allows the company to offer fully regulated crypto services in the 30 countries of the European Economic Area. For the British neobank, this is a decisive step that transforms its crypto offering into a strategic pillar, perfectly aligned with the new European rules.
A New Era for Revolut in Crypto
With over 65 million users worldwide, Revolut has been a key player in digital finance for several years. But this MiCA authorization changes everything. It positions the company in the forefront of institutions compliant with the most ambitious regulatory framework ever established in Europe for digital assets. Behind this move lies a clear intention: to build a sustainable, robust, and 100% compliant crypto offering.
Costas Michael, CEO of Revolut Digital Assets Europe, sums up the significance:
Obtaining this license is proof of CySEC’s trust in our compliance standards. MiCA gives us the clarity needed to offer next-generation crypto products.
A strong message at a time when many industry players are still struggling to adapt to the new regulatory era.
“Crypto 2.0”: Revolut’s Expansion Plan
Revolut is not content with just a legal framework; it aims to accelerate. Its initiative named “Crypto 2.0” promises an enhanced platform with over 280 tokens, fee-free staking with yields of up to 22% per year, and above all, a stablecoin-USD conversion at a 1:1 rate without spread, a first on this scale in Europe. The goal is to offer a seamless, competitive, and transparent experience, aligned with the standards of the American market, while remaining fully regulated.
This strategy is built on the growth of Revolut X, its advanced trading platform, and on direct integration with external wallets like MetaMask. This is a way to attract both beginners and seasoned investors, while providing enhanced security.
Cyprus, the New Crypto Hub of Revolut
By establishing its regulatory base in Cyprus, Revolut is following a trend already set by several fintech giants. The Mediterranean island is emerging as a preferred hub for companies looking to expand into the European market under the MiCA regime. From Nicosia, Revolut will now oversee all its crypto activities within the EU, benefitting from a clear framework and direct supervision by CySEC.
