Fintech main Revolut has obtained a Markets in Crypto Belongings (MiCA) license from the Cyprus Securities and Trade Fee (CySEC), permitting it to offer regulated crypto companies throughout all 30 international locations within the European Financial Space (EEA).
Revolut, which serves greater than 65 million prospects globally, mentioned the authorization cements its compliance-first strategy to crypto in an emailed announcement on Thursday.
The corporate plans to roll out “Crypto 2.0,” an expanded platform that includes greater than 280 tokens, zero-fee staking with rewards of as much as 22% annual yield, and direct 1:1 stablecoin-to-USD conversions with no unfold, in keeping with a press launch on Thursday.
Revolut’s transfer comes as MiCA takes impact throughout the EU, reshaping how exchanges and pockets suppliers function. The agency’s Cyprus base will function a hub for its EEA crypto operations, constructing on the success of its Revolut X buying and selling platform and crypto integration with wallets like MetaMask and Ledger.
“Securing the licence displays CySEC’s belief in our regulatory requirements,” mentioned Costas Michael, CEO of Revolut Digital Belongings Europe. “MiCA provides us the readability to ship trusted, next-generation crypto merchandise for Europe’s rising digital finance neighborhood.”
