Revolut, Blockchain.com Secure MiCA Licenses for EU Crypto Services
Revolut and Blockchain.com have obtained regulatory approval under the EU's Markets in Crypto-Assets (MiCA) framework, clearing the way for expanded cryptocurrency services across 30 European Economic Area countries. The digital banking giant secured its license through Cyprus regulators, while Blockchain.com received authorization from Malta's financial watchdog.
The licenses arrive as Revolut reports explosive growth in its crypto segment, with wealth management revenue - including digital asset products - surging 298% year-over-year to $674 million in 2024. "Our MiCA license is fundamental to all our ambitious crypto plans," stated Revolut Digital Assets Europe CEO Costas Michael.
Revolut plans to launch its "Crypto 2.0" initiative within six to twelve months, dramatically expanding offerings to include over 280 digital assets. The rollout will feature zero-fee staking services and spread-free stablecoin conversions to USD, further cementing crypto as a Core business pillar for the 65-million-user neobank.
