Revolut received regulatory approval to offer crypto services across the European Union today (Wednesday), adding to a string of licensing wins as the British fintech pushes deeper into regulated financial products.

Revolut Wins EU Crypto License Days After Mexico Banking Approval

The Cyprus Securities and Exchange Commission (CySEC) granted Revolut a Markets in Crypto Assets license on Thursday, allowing the company to sell digital tokens in all 30 countries within the European Economic Area. The approval comes three days after Mexican regulators cleared Revolut to accept deposits and make loans as a licensed bank.

"Securing the license reflects CySEC's trust in our regulatory standards," Costas Michael, who heads Revolut Digital Assets Europe, reaveald the regulatory update via LinkedIn. "MiCA gives us the clarity to deliver trusted, next-generation crypto products for Europe's growing digital finance community."

Revolut told customers it will launch what it calls "Crypto 2.0," an updated platform featuring more than 280 tokens and the ability to stake cryptocurrencies with no platform fees. The company said some staking products will offer annual yields as high as 22%, though those returns aren't guaranteed and fluctuate based on network participation.

The fintech also plans to let customers convert stablecoins to U.S. dollars at a one-to-one rate without spreads, potentially making it cheaper to move between digital and traditional currencies.

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License Arrives as EU Enforces New Rules

Revolut's authorization lands as European regulators implement MiCA, a framework that went into effect this year and requires crypto exchanges to meet standards for transparency and consumer protection. The rules forced some platforms to pause onboarding new customers while they worked through applications.

The company had been preparing for months to meet the requirements. It previously migrated European crypto users to a Cyprus-based entity registered with CySEC and paused new sign-ups earlier this year to manage regulatory risk.

NEWS: Revolut Secures MiCA License in Cyprus, Expanding Regulated Crypto Services Across EU

— Max Karpis (@maxkarpis) October 23, 2025

More than 65% of European crypto platforms are expected to comply with MiCA by the end of 2025, according to industry data. Exchanges that don't meet the standards face potential fines that regulators project could exceed €1.2 billion across the industry this year.

Expansion Follows Mexico Banking Win

The crypto license extends Revolut's regulatory footprint beyond traditional banking. On Oct. 20, Mexico's National Banking and Securities Commission gave final approval for Revolut to operate as a Multiple Banking Institution, making it the first independent digital bank to complete the full licensing process from scratch in that country.

¡Hola, México! 🇲🇽

We’ve made history as the first independent digital bank to get full regulatory approval in Mexico.

We’ll soon offer a comprehensive range of financial services with enhanced customer protection and deposits by the IPAB.

Join the waitlist ➡️… pic.twitter.com/Vt3I2UAPQZ

— Revolut (@RevolutApp) October 20, 2025

Juan Miguel Guerra, who runs Revolut's Mexican bank, commented the company will open accounts for customers on a waiting list within weeks. Revolut had nearly 200,000 people signed up as of May and projected it could reach 1.5 million customers in Mexico during the first year.

The fintech is also pursuing a banking license in Colombia and working to acquire a bank in Argentina, building on operations it started in Brazil in 2023. Revolut said in September it would invest £10 billion over five years to expand into more than 30 markets and grow from 65 million to 100 million customers by mid-2027.

However, Revolut faces a setback in the United Kingdom, where regulators are delaying approval of its full banking license due to concerns about the company’s risk controls amid its rapid international expansion

Revolut's Cyprus operation will serve as the hub for its crypto business across the EEA, supporting the company's Revolut X trading platform and integrations with third-party wallets like MetaMask and Ledger.