Fintech major Revolut has received a Markets in Crypto Assets (MiCA) license from the Cyprus Securities and Exchange Commission (CySEC), allowing it to provide regulated crypto services across all 30 European Economic Area (EEA) countries.
Revolut, which serves more than 65 million customers worldwide, said the authorization solidifies its crypto compliance approach in an emailed announcement on Thursday.
The company plans to roll out “Crypto 2.0,” an expanded platform featuring more than 280 tokens, zero-fee staking with rewards of up to 22% annual yield, and direct 1:1 stablecoin to USD conversions with no spread, according to a press release issued Thursday.
Revolut’s move comes as MiCA comes into force across the EU, reshaping the way exchanges and wallet providers operate. The company’s Cyprus base will serve as a hub for its EEA crypto operations, building on the success of its Revolut X trading platform and crypto integration with wallets like MetaMask and Ledger.
“Obtaining the license reflects CySEC’s confidence in our regulatory standards,” said Costas Michael, CEO of Revolut Digital Assets Europe. “MiCA gives us the clarity needed to deliver trusted, next-generation crypto products to Europe’s growing digital financial community. »
