Revolut obtains MiCA approval in Cyprus, unlocking EU-wide crypto expansion

Revolut has received authorization under the Markets in Crypto-Assets Regulation (MiCA) from the Cyprus Securities and Exchange Commission (CySEC), allowing it to roll out regulated crypto products and services across all 30 European Economic Area (EEA) countries.

The license marks a significant milestone for the fintech’s crypto ambitions, coinciding with the upcoming launch of its advanced “Crypto 2.0” platform.

“This approval allows us to introduce innovative crypto products with greater transparency and reliability for our users, reinforcing our long-term belief in digital assets,” said Costas Michael, CEO of Revolut Digital Assets Europe.

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With this authorization, Revolut can now promote and operate its entire crypto portfolio under a unified EU regulatory framework. The company, which counts more than 65 million global users — including around 40 million in Europe — plans to leverage the license to expand its trading, staking, and stablecoin products.

Revolut’s Crypto 2.0: over 280 tokens and zero-fee staking

As part of its next evolution, Revolut introduced Crypto 2.0, a reimagined platform offering access to more than 280 digital assets, zero-commission staking with returns of up to 22% APY, and direct 1:1 stablecoin-to-USD conversions with no hidden spreads.

The company highlighted that, when combined with its crypto-linked Visa and Mastercard products, instant on/off-ramp tools, and Revolut X’s ultra-low trading fees (ranging from 0.00% to 0.09%), users gain one of the most comprehensive and affordable crypto ecosystems in Europe.

Revolut X — the firm’s desktop trading hub launched last year for professional traders — currently lists around 100 tokens with real-time fiat integration. The exchange has since expanded to all EEA markets and is now available through both the App Store and Google Play, reaching more than 14 million crypto users globally.

Next stop: crypto derivatives and European banking license

Revolut’s recent moves suggest it’s preparing to enter the crypto derivatives sector, following internal confirmations that the company is expanding its institutional-grade offerings.

Separately, in May, Revolut announced plans to invest over €1 billion (around $1.1 billion) in France and pursue a full banking license in the country — a key step in its broader European growth strategy.


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