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 in all 30 countries in the European Economic Area (EEA).
Revolut, which serves more than 65 million customers globally, said in an email announcement on Thursday that the authority strengthens its compliance-first approach to crypto.
According to a press release on Thursday, the company plans to introduce “Crypto 2.0,” featuring zero-fee staking with rewards for over 280 tokens, 22% annual yield, and direct 1:1 stablecoin-to-USD conversion with no spreads.
Revolut’s move comes as MiCA comes into effect across the EU, bringing changes to the way exchanges and wallet providers operate. The firm’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 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 finance community.”