Fintech giant Revolut has received a Market in Cryptocurrency (MiCA) license from the Cyprus Securities and Exchange Commission (CySEC), allowing it to offer regulated cryptocurrency services in all 30 countries in the European Economic Area (EEA).
Revolut, which serves more than 65 million customers worldwide, said in an emailed announcement Thursday that the approval strengthens its compliance-first approach to cryptocurrencies.
According to a Thursday press release, the company plans to roll out “Crypto 2.0.” It is an expanded platform featuring over 280 tokens, zero-fee staking with rewards up to 22% annual yield, and 1:1 direct stablecoin to USD conversion with no spreads.
Revolut's move comes as MiCA comes into effect across the EU, reshaping the way exchanges and wallet providers operate. The company's Cyprus location will serve as a hub for its EEA cryptocurrency operations, building on the success of its Revolut X trading platform and cryptocurrency integration with wallets such as MetaMask and Ledger.
“Securing the license reflects CySEC's confidence in our regulatory standards,” said Costas Michael, CEO of Revolut Digital Assets Europe. “Thanks to MiCA, we are clear on providing trusted next-generation crypto products to Europe’s growing digital financial community.”
