Revolut Secures MiCA License in Cyprus for EU Crypto Expansion
Digital banking giant Revolut has obtained a Markets in Crypto-Assets license from the Cyprus Securities and Exchange Commission. The approval grants the fintech permission to offer regulated cryptocurrency services across all 30 European Economic Area countries. This authorization marks a significant milestone for Revolut’s crypto operations in Europe.
The Cyprus Securities and Exchange Commission granted Revolut the MiCA license on October 23, 2025. The company serves over 65 million customers worldwide, including 40 million in Europe. Cyprus will serve as the operational hub for Revolut’s digital asset services throughout the EEA region.
The MiCA framework establishes unified regulatory standards for cryptocurrency service providers across Europe. The authorization is a passport, permitting Revolut to roll out crypto products across all 27 EU member states without navigating separate national regulations. This streamlined approach simplifies compliance requirements for companies operating in multiple European markets.
Crypto 2.0 Platform Launches Across European Markets
Revolut plans to introduce its expanded Crypto 2.0 platform following the MiCA license approval. The new platform will feature over 280 tokens, staking with no platform fees, offering rewards up to 22% APY, and 1:1 stablecoin conversion to USD with no spreads. The company aims to roll out these enhanced services across Europe within six to twelve months.
The Crypto 2.0 initiative builds on Revolut’s existing digital asset infrastructure. The platform integrates with crypto-enabled Visa and Mastercard cards, smooth on and off-ramping tools, and minimal trading costs ranging from 0.00% to 0.09%. These features aim to make cryptocurrency trading more accessible to mainstream users.
Revolut already operates the Revolut X trading platform, which launched in the UK and later expanded to all 30 EEA markets. The platform supports mobile applications through the Apple App Store and Google Play Store. Integration with popular wallets like MetaMask and Ledger provides users with additional flexibility for managing their digital assets.
Revolut MiCA License Strengthens Compliance Position
Costas Michael, CEO of Revolut Digital Assets Europe, emphasized the importance of regulatory compliance. “This authorization enables us to deliver groundbreaking crypto products with enhanced transparency and trust for our growing customer base, while further reiterating our commitment to crypto as an asset class,” Michael stated.
Revolut now counts 14 million active crypto users, representing 22% of its 65 million total customers. The crypto division has become a key growth driver for the $75 billion company. Revolut’s wealth business, which includes crypto products and trading activity, generated $674 million in revenue during 2024, up 298% year-over-year.
The MiCA license positions Revolut alongside other major fintech companies racing to adapt to the European regulatory framework. The approval ensures the company maintains uninterrupted access to one of its most active markets. Cyprus offers a strategic location for crypto operations, providing regulatory clarity and a business-friendly environment for digital asset companies.
MiCA Regulation Reshapes European Crypto Landscape
The Markets in Crypto-Assets regulation represents the European Union’s comprehensive approach to digital asset oversight. MiCA establishes standardized rules for cryptocurrency exchanges, wallet providers, and other service providers. The regulation aims to protect consumers while fostering innovation in the digital finance sector.
Companies holding a MiCA license can offer services across the entire EEA without obtaining separate authorizations in each country. This passporting mechanism reduces regulatory burdens and accelerates market expansion. The framework covers conduct requirements, custody standards, and market abuse prevention.
Revolut’s Cyprus base positions the company to capitalize on the regulatory clarity provided by MiCA. The authorization reflects CySEC’s confidence in Revolut’s compliance standards and operational capabilities. Other major players in the fintech and cryptocurrency sectors are also pursuing MiCA licenses to secure their European operations.
Revolut Expands Beyond European Crypto Services
Beyond its European operations, Revolut continues expanding into new markets. The company received final regulatory approval to launch full banking operations in Mexico in October 2025, marking it as the first independent digital bank to build a licensed entity there from the ground up. The Mexican banking license allows Revolut to provide financial services with customer deposit insurance.
The fintech has also announced plans to launch its payment platform in India through partnerships with the Unified Payments Interface and Visa. These expansion efforts demonstrate Revolut’s commitment to building a borderless banking experience. The company’s growth strategy combines traditional financial services with innovative cryptocurrency offerings.
Conclusion
Revolut’s acquisition of AI travel startup Swifty in October 2025 aims to enhance its loyalty programs and AI assistant capabilities. These moves show how the company integrates emerging technologies into its service ecosystem. Combining crypto services, traditional banking, and AI-powered features creates a comprehensive financial platform.
