British financial technology firm Revolut announced it has obtained a cryptocurrency licence from Cyprus’s financial regulator, enabling the company to continue offering crypto-related services across the European Union under the bloc’s new regulatory framework.
The licence ensures Revolut’s compliance with the EU’s Markets in Crypto-Assets (MiCA) regulation, which requires companies to be licensed to operate legally within the single market. Crypto has become a key growth driver for Revolut — the firm said around 22% of its 65 million global users actively trade digital assets.
Revolut first launched crypto trading in 2017 and expanded with its dedicated exchange platform, Revolut X, in 2024. The company’s “Wealth” segment, which includes crypto trading, nearly tripled revenue last year thanks to surging digital asset activity.
The fintech, valued at around $75 billion after a recent secondary share sale, said the new licence will allow it to maintain and grow its European crypto operations despite tightening oversight. Cryptocurrency markets have rallied over the past year, helped by renewed political support in the U.S., though regulators continue to warn investors about potential risks.
