Revolut Secures MiCA License, Expands Crypto Services Across EU

Revolut has secured a MiCA license from Cyprus Securities and Exchange Commission, expanding regulated crypto services across the European Economic Area.

This strategic move enhances Revolut’s market presence, offering over 280 cryptocurrencies, zero-fee staking, and stablecoin services, poised to boost user trust and liquidity.

Revolut obtained a MiCA license from the Cyprus Securities and Exchange Commission, allowing it to extend regulated crypto services to the European Economic Area’s 30 nations.

The license facilitates Revolut’s growth, advances crypto adoption, and demonstrates regulatory compliance through innovative services across Europe’s major markets.

Revolut’s MiCA License Enables 30-Nation European Expansion

Revolut has formally acquired a crucial license under the MiCA framework from the Cyprus Securities and Exchange Commission, enabling the expansion of its crypto services within the European Economic Area. The company, with over 65 million users, now focuses on regulated crypto offerings to further market penetration.

Revolut’s leadership emphasizes its commitment to transparency and compliance in the sector. Costas Michael and Emil Urmanshin highlighted the strategic importance of the MiCA license as foundational to their future crypto endeavors. These developments express Revolut’s dedication to delivering revolutionary products across crypto markets.

“Securing the licence is a significant step in our journey, reflecting CySEC’s confidence in our commitment to regulatory compliance in crypto. It’s no secret that we have ambitious plans for the crypto sector in the future, and our MiCA license is fundamental to all of that. This authorisation 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.” – Costas Michael, CEO, Revolut Digital Assets Europe

280 Cryptocurrencies Added to Revolut’s European Portfolio

Immediate outcomes of the license approval include increased access to 280 cryptocurrencies through Revolut’s platform across Europe, alongside the possibility of future innovative developments. The fintech firm can now legally market its crypto services to millions of users across the continent.

Financial responses highlight enhanced liquidity and user trust. Revolut’s crypto revenue grew 298% to $674 million in 2024, indicating the sector’s critical role in its business model. Market analysts predict further expansions leading to greater institutional involvement and user engagement in the cryptocurrency space.

Comparing Revolut to PayPal in Crypto Expansion

Revolut’s move underlines a key step similar to fintech expansions by PayPal and Robinhood when they entered crypto markets. These instances set precedence for regulated growth, offering insight into Revolut’s trajectory within the EEA’s competitive landscape.

Temporary Suspension of Onboarding for Crypto Users impacted brief access but avoided any changes in service.

Experts project that carefully maneuvering within regulatory frameworks like MiCA will bolster Revolut’s influence, increasing trading volumes and potentially triggering a wider adoption of crypto by mainstream financial entities due to enhanced clarity and compliance.

Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor.