Revolut secures MiCA license in Cyprus to launch Europe-wide crypto services

Revolut has secured a prestigious MiCA (Markets in Crypto Assets) license in Cyprus, positioning the fintech giant to expand cryptocurrency services across the European Union. This regulatory milestone enables Revolut to offer comprehensive digital asset solutions to millions of European users under the bloc's new crypto framework.

The company simultaneously unveiled its ambitious Crypto 2.0 platform, featuring an extensive portfolio of over 280 cryptocurrency tokens. This enhanced platform will offer zero-fee staking opportunities with attractive annual percentage yields (APY) reaching up to 22%, making it competitive in the DeFi landscape. Additionally, users will benefit from seamless 1:1 stablecoin-to-US dollar conversion, eliminating traditional forex fees.

This MiCA license represents a significant regulatory achievement for Revolut, as the framework establishes comprehensive rules for cryptocurrency operations across EU member states. The licensing positions Revolut to compete directly with established crypto exchanges like Coinbase and Binance in the European market.

With Bitcoin and blockchain adoption accelerating globally, Revolut's expanded cryptocurrency offerings could capture substantial market share. The zero-fee staking feature particularly targets yield-seeking investors in the growing decentralized finance sector, potentially driving significant user acquisition and trading volume growth.