Revolut has secured its Markets in Crypto-Assets Regulation (MiCA) license from the Cyprus Securities and Exchange Commission (CySEC), allowing it to offer regulated crypto services across all 30 markets in the European Economic Area (EEA).

This development enhances Revolut’s presence in the crypto sector as it prepares to roll out its next-generation ‘Crypto 2.0’ platform. According to a statement from the company, this platform will support access to over 280 tokens, enable zero-fee staking with yields reaching 22% APY, and allow for a 1:1 stablecoin-to-US dollar conversion.

“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,” said Costas Michael, CEO of Revolut Digital Assets Europe.

The MiCA license permits Revolut to promote its complete suite of crypto offerings within the regulatory framework. The company, which caters to more than 65 million global customers—40 million of whom are in Europe—plans to leverage this license to broaden its crypto trading, staking, and stablecoin services.

Revolut’s Crypto 2.0 Platform to Feature 280 Tokens

Revolut has unveiled a variety of new features, including its advanced Crypto 2.0 platform that will host access to over 280 tokens, staking without fees boasting up to a 22% annual percentage yield, and seamless 1:1 conversions of stablecoins to U.S. dollars without additional spreads.

The platform aims for one of the most comprehensive and cost-effective crypto experiences in Europe, particularly when combined with Revolut’s Visa/Mastercard offerings, streamlined on/off-ramping tools, and its low trading fees ranging from 0.00% to 0.09%.

Last year, Revolut rolled out Revolut X, aimed at experienced traders, featuring a dedicated desktop crypto exchange. This platform allows trading for over 100 tokens with competitive fees and real-time management capabilities.

Related: Revolut X introduced last year is now available to mobile users via the App Store and Google Play, garnering over 14 million crypto users globally.

Revolut Targets Crypto Derivatives Market

In June, a spokesperson for Revolut confirmed the company’s intent to enhance its crypto knowledge base, especially for institutional clients, amidst speculation about its entry into the crypto derivatives market. Back in May, the fintech announced plans to invest over 1 billion euros (approximately $1.1 billion) in France, aiming to secure a local banking license as part of its expanded operations in the region.