Revolut's MiCA-Backed Crypto Expansion Across 30 EEA Countries
Revolut, the fintech leader, has secured an EU Markets in Crypto-Assets license from the Cyprus Securities and Exchange Commission, facilitating the launch of its "Crypto 2.0" service across Europe. This positions Revolut to enhance cryptocurrency accessibility and offerings, influencing market dynamics and user adoption throughout the European Economic Area.
Revolut's acquisition of the MiCA license marks a significant shift for the fintech company, led by CEO Nik Storonsky. With this license, Revolut can promote its cryptocurrency services in 30 EEA countries and has announced the imminent rollout of "Crypto 2.0." This initiative will allow users to access a range of over 280 cryptocurrencies.
The introduction of zero-fee staking services and stablecoin-to-USD conversions is anticipated to draw significant user interest. Revolut's expanded offerings could influence the EU’s growing crypto market, aiming to set new standards with enhanced services.
“We are delighted to welcome Béatrice Cossa-Dumurgier as our new CEO for Western Europe. Her deep experience in traditional banking, combined with her ability to drive high-growth trajectories, will be a key asset in achieving regulatory integration and accelerating Revolut’s local expansion.”
Expert Analysis: Implications of Revolut's MiCA Licensing Success
Revolut is among the first major fintech firms in the EEA to secure MiCA licensing, setting a precedent for large-scale crypto service expansions in Europe.
According to CoinMarketCap data, Bitcoin (BTC) maintains a price of $109,391.02 with a market cap of $2.18 trillion as of October 23, 2025. The cryptocurrency holds a 59.13% market dominance. In the past 24 hours, Bitcoin saw a minor 1.04% increase, though it experienced a 1.12% decline over the past week.
Revolut's new licensing could pave the way for further technological advancements in the crypto market. Historical trends show that such movements often lead to increased market participation and regulatory compliance across sectors.