The fintech company Revolut has received a MiCA (Markets in Crypto-Assets Regulation) license from the Cyprus Securities and Exchange Commission (CySEC). This approval allows the company to provide regulated crypto services across all 30 countries of the European Economic Area (EEA).
This move strengthens Revolut’s position in the crypto market, as the company is currently preparing to launch its new Crypto 2.0 platform, which will offer access to more than 280 tokens and commission-free staking with returns of up to 22%.
“By combining crypto-enabled Revolut Visa and Mastercard options with instant fiat gateways and Revolut X’s ultra-low trading fees (0.00%–0.09%), the platform offers one of the most comprehensive and affordable crypto ecosystems across Europe,” the company stated.
“This license enables us to deliver innovative crypto products with greater transparency and trust for our growing customer base while reaffirming our commitment to crypto as an asset class,” said Costas Michael, CEO of Revolut Digital Assets Europe.
With the MiCA license, Revolut can market its entire range of crypto products under a unified regulatory framework. The company currently serves more than 65 million customers worldwide, including 40 million in Europe. This authorization will allow Revolut to expand its offerings in crypto trading, staking, and stablecoins.
Meanwhile, U.S. investment giant T. Rowe Price has filed an application to launch its first crypto ETF, potentially channeling billions of dollars into the altcoin market.