Revolut has successfully secured a Markets in Crypto-Assets Regulation (MiCA) license from the Cyprus Securities and Exchange Commission (CySEC), which enables the company to provide compliant crypto services across all 30 markets within the European Economic Area (EEA).
This strategic move enhances Revolut’s positioning in the crypto landscape, coinciding with the launch of its advanced Crypto 2.0 platform. This new platform will offer over 280 different tokens, enable zero-fee staking yielding returns of up to 22% APY, and facilitate a straightforward 1:1 conversion of stablecoins to U.S. dollars.
Costas Michael, CEO of Revolut Digital Assets Europe, stated, “This authorization enables us to deliver groundbreaking crypto products with enhanced transparency and trust for our growing customer base, while further reiterating our commitment to crypto as an asset class.”
The MiCA license empowers Revolut to fully market its range of crypto products under a regulated framework. Currently, the platform serves over 65 million customers globally, with 40 million situated in Europe, and will leverage this new license to broaden its offerings in crypto trading, staking, and stablecoins.
Revolut’s Crypto 2.0 to Feature 280 Tokens
Revolut has introduced its next-generation crypto platform, Crypto 2.0, highlighting access to a diverse range of over 280 tokens, zero-fee staking with potential returns up to 22% annually, along with 1:1 conversions between stablecoins and dollars sans spreads.
The platform promises a competitive experience, especially when paired with Revolut Visa/Mastercard cards, which facilitate seamless transactions, and Revolut X’s low trading fees (between 0.00% and 0.09%). These features collectively aim to establish one of the most cost-effective crypto engagements throughout Europe.
The firm previously launched Revolut X, targeting seasoned traders with a dedicated exchange platform, supporting 100 tokens with minimal fees and real-time access.
Finally, Revolut has expressed its ambition to enter the crypto derivatives market and announced plans to invest over one billion euros ($1.1 billion) in France while applying for a local banking license to further support its European expansion.
