Core Insights - Revolut has obtained a Markets in Crypto Assets (MiCA) license from the Cyprus Securities and Exchange Commission (CySEC), enabling it to offer regulated crypto services across all 30 countries in the European Economic Area (EEA) [1] - The company serves over 65 million customers globally, emphasizing its compliance-first approach to crypto [1] - Revolut plans to launch "Crypto 2.0," featuring over 280 tokens, zero-fee staking with rewards up to 22% annual yield, and direct 1:1 stablecoin-to-USD conversions with no spread [2] - The MiCA regulation is reshaping operations for exchanges and wallet providers in the EU, with Revolut's Cyprus base acting as a hub for its EEA crypto operations [3] - The CEO of Revolut Digital Assets Europe highlighted that securing the license reflects CySEC's trust in the company's regulatory standards and provides clarity for delivering next-generation crypto products [4]

Core Insights - Revolut has secured a MiCA license from the Cyprus Securities and Exchange Commission, allowing it to roll out crypto services across the EU [1][2] - The company aims to expand its crypto offerings significantly, with plans for "Crypto 2.0" that will include over 280 cryptocurrencies and zero-fee staking services [7] Company Developments - The MiCA license is seen as a critical milestone for Revolut's ambitions in the crypto sector, which has become a key part of its business strategy [1][4] - Revolut's wealth business, which includes crypto products, saw a remarkable 298% increase in revenue, reaching $674 million, driven by heightened crypto activity in 2024 [3] Competitive Landscape - Revolut faces intense competition from both traditional financial institutions and fintech firms expanding their crypto services, including PayPal, Robinhood, Stripe, and BlackRock [4][5] - Crypto-native companies like Coinbase and Kraken are also entering traditional financial service areas, intensifying the competitive environment [6]