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