TL;DR
- Revolut MiCA license grants EU-wide authorization through Cyprus’s CySEC.
- Crypto becomes a regulated core service with 280+ tokens and zero-fee staking.
- MiCA sets the stage for Revolut to emerge as Europe’s first financial super-app.
When Revolut’s MiCA license was announced in late October 2025, most outlets treated it as another regulatory headline. Yet it marks a deeper structural shift in how finance will operate across Europe. By securing approval from CySEC (Cyprus Securities and Exchange Commission), a regulator known for its robust but efficient oversight, Revolut now holds a single passport under MiCA. This approval allows it to offer regulated crypto services in all 30 EEA markets.
As a result, the license places the London-born fintech among a small group of firms legally permitted to combine banking, payments, and digital-asset trading within one regulated ecosystem. It therefore sets the stage for a new era of financial integration in Europe.
What Revolut’s MiCA License Really Changes
Before MiCA, Revolut managed its crypto services through local VASP registrations, such as in Lithuania. Each license brought additional paperwork and limited cross-border flexibility. The new CySEC authorization replaces that patchwork with a single Europe-wide regulatory passport. It simplifies compliance and makes service delivery consistent across the bloc.
Under MiCA, Revolut must segregate customer assets, maintain transparent disclosures, and apply strict custody rules. These obligations move its compliance framework close to that of licensed exchanges. While Revolut is not a traditional bank, this structure effectively turns it into a hybrid financial provider. It can now combine deposit accounts, payment cards, and token trading under one coherent regulatory roof.
From Experiment to Regulated Product Vertical
Revolut launched its Crypto 2.0 rollout alongside the MiCA approval. It now offers more than 280 tokens, zero-fee staking, and 1:1 stablecoin conversions. These features are no longer experimental add-ons. Instead, they form a fully regulated product vertical inside Revolut’s European entity. Users can now manage crypto portfolios next to stock investments and multi-currency accounts within a single app. Consequently, this blending of fiat and digital assets moves Revolut closer to functioning as a crypto bank in practice, even if it remains a fintech by name.
MiCA and the Fintech–Crypto Convergence
Europe’s regulatory framework is quietly driving the fintech–crypto convergence. MiCA provides the foundation for digital assets and has been fully applied since late 2024. Meanwhile, PSD3 and the Payment Services Package, now in advanced legislative stages, aim to modernize fiat infrastructure. Together, these regulatory pillars allow companies like Revolut to merge services that were once legally siloed under a coherent and unified rulebook.
In contrast, the United States still struggles with fragmented oversight across multiple agencies, resulting in regulatory uncertainty. Therefore, Revolut’s proactive approach to early compliance gives it a clear advantage over crypto exchanges still adapting to MiCA. As a result, the company stands at the forefront of Europe’s new phase of integrated retail finance.
How Revolut’s CySEC License Creates an Edge Over Exchanges
Crypto-native firms such as Kraken, Bitstamp, and Coinbase Europe face the opposite challenge. They must add banking features like payment cards, fiat transfers, and savings tools, areas where fintechs already excel. Revolut, with more than 40 million users, starts from the consumer finance side. Through its CySEC MiCA license, it now has legal clearance to scale regulated crypto services across the EEA.
Meanwhile, Kraken’s KRAK app shows that exchanges are moving in the same direction. However, Revolut’s integrated ecosystem and stronger compliance give it a broader reach and user trust in Europe. Exchanges may still lead in liquidity and crypto-market depth. Even so, Revolut already operates as a regulated fintech–crypto hybrid.
Europe’s Rulebook for the New Crypto Super-Apps
Since the end of 2024, MiCA has applied to all Crypto-Asset Service Providers. This makes Europe the first region where multi-asset apps can function under one clear legal framework. Revolut’s choice to base its crypto operations in Cyprus highlights the island’s growing role as the gateway for Europe’s new crypto super-apps. CySEC already supervises several upcoming licensees. Yet Revolut’s mix of scale, user experience, and regulatory breadth makes it the prime example of how MiCA can bridge fintech and digital finance in practice.
What Comes Next
Revolut’s MiCA license in Cyprus now positions it to expand further. The company can introduce staking-as-a-service, improved custodial tools, and potentially a Revolut-issued stablecoin once MiCA Title III for Electronic Money Token issuers is fully implemented.
In addition, Revolut could scale its Crypto for Business to support cross-border settlements, further narrowing the gap between payment processors and exchanges.
Other European fintechs, such as N26, Bunq, and Wise, are likely to follow. Ultimately, MiCA enables any firm that unites fiat and tokens to shape the next decade of European retail finance.
>>> Read more: Zerohash Secures MiCA License
Revolut’s MiCA license is far from old news. Instead, it forms the foundation of Europe’s financial super-app era. For the first time, a single platform can legally and seamlessly host euros, stocks, and crypto side by side within a unified compliance framework. While crypto exchanges continue to compete on liquidity and expertise, Revolut’s regulatory distribution advantage gives it a significant head start. It’s positioning itself as a default gateway to Europe’s new, interconnected financial future.
Ultimately, Europe’s financial ecosystem will evolve through both collaboration and competition, as fintechs and exchanges each leverage their strengths to serve diverse user needs.
Readers’ frequently asked questions
Who supervises Revolut’s crypto operations under its MiCA license?
Revolut’s MiCA authorization was issued by the Cyprus Securities and Exchange Commission (CySEC). CySEC is the primary supervisory authority and coordinates with other EU regulators through MiCA’s passporting framework.
Does the MiCA license change how customer assets are safeguarded?
Yes. MiCA requires customer assets to be segregated from company funds and held under approved custody arrangements, with standardized disclosures and internal controls to strengthen user protection.
Can users outside the EEA access these MiCA-regulated services?
No. MiCA applies only within the European Economic Area. Revolut’s MiCA license covers EEA countries and does not extend to jurisdictions like the UK or Switzerland, which follow separate local authorizations.
What is in it for you? Action items you might want to consider
Check if your country falls under Revolut’s MiCA coverage
MiCA applies only within the European Economic Area (EEA). Confirm that your Revolut account is registered in an eligible EEA country to benefit from its regulated crypto services.
Review Revolut’s updated crypto terms and disclosures
Under MiCA, Revolut must provide standardized risk and custody information. Review the updated terms in the app or on the company’s website to understand how your assets are segregated and protected.
Verify custody arrangements for digital assets
MiCA requires licensed providers to hold customer funds and tokens with approved custodians. Check Revolut’s compliance documentation or help center to confirm where and how your assets are stored.
