Fintech large Revolut has obtained a Market in Cryptocurrency (MiCA) license from the Cyprus Securities and Alternate Fee (CySEC), permitting it to supply regulated cryptocurrency companies in all 30 international locations within the European Financial Space (EEA).
Revolut, which serves greater than 65 million clients worldwide, mentioned in an emailed announcement Thursday that the approval strengthens its compliance-first method to cryptocurrencies.
Based on a Thursday press launch, the corporate plans to roll out “Crypto 2.0.” It’s an expanded platform that includes over 280 tokens, zero-fee staking with rewards as much as 22% annual yield, and 1:1 direct stablecoin to USD conversion with no spreads.
Revolut’s transfer comes as MiCA comes into impact throughout the EU, reshaping the best way exchanges and pockets suppliers function. The corporate’s Cyprus location will function a hub for its EEA cryptocurrency operations, constructing on the success of its Revolut X buying and selling platform and cryptocurrency integration with wallets comparable to MetaMask and Ledger.
“Securing the license displays CySEC’s confidence in our regulatory requirements,” mentioned Costas Michael, CEO of Revolut Digital Belongings Europe. “Because of MiCA, we’re clear on offering trusted next-generation crypto merchandise to Europe’s rising digital monetary group.”
