What Revolut is
Founded in London in 2015 by Nikolay Storonsky and Vlad Yatsenko, Revolut is one of the world's largest fintechs: a multi-currency account, cards, investments and, since 2017, cryptocurrency buying and selling integrated into the app. In 2025 it posted a record pre-tax profit of 2.3 billion dollars on around 6 billion dollars of revenue. In July 2026 a secondary share sale valued it at around 115 billion dollars, according to Bloomberg and the Wall Street Journal: the company confirmed the transaction but not the figure. As of October 2026 it reports more than 80 million customers worldwide (Verified: October 2026). In Europe it operates as an authorised bank (an EU banking licence obtained via Lithuania), while on the crypto front it has announced "Crypto 2.0": more than 280 tokens, staking and stablecoin-dollar conversions. It suits those who want a single environment for banking and crypto, rather than those looking for a pure exchange with an advanced order book. Storonsky is still CEO, while Yatsenko left the role of CTO on 1 July 2026, after more than ten years, to join the board as a non-executive director: technology leadership passed to Donato Lucia, appointed VP of Technology after eight years in the company's engineering (Verified: September 2026).
Regulation and licences
- MiCA: YES — CASP licence issued by CySEC (Cyprus) to Revolut Digital Assets (Europe) Ltd, announced on 23 October 2025 and effective from 25 November 2025 (Verified: September 2026). According to the ESMA register it is valid in 29 of the 30 countries of the European Economic Area, including Italy: only Hungary is excluded. (Verified: October 2026)
- An EU banking licence via the Bank of Lithuania, covering banking services (not crypto ones) for European customers. (Verified: September 2026)
- Revolut can legally offer crypto services even after the end of the MiCA transitional regime (01/07/2026).
Fees
With the move to "Crypto 2.0" Revolut announced a new fee structure, in force from 8 December 2025: the figures currently applied are those published in the official fee schedule.
Security
There are no breaches of the platform involving loss of customers' crypto funds. As with all mass-market financial apps, the main documented risk is phishing and social engineering scams targeting users, not the infrastructure. Fiat currency deposits with the EU banking entity fall under European banking protections; cryptocurrencies, as everywhere, are not covered by deposit guarantees.
Alternatives
- Kraken — a pure exchange with a full MiCA licence via Ireland
- SwissBorg — a crypto wealth management app with a MiCA licence via France
FAQ
Is Revolut authorised to sell crypto in the EU? Yes. It operates with a MiCA (CASP) licence issued by Cyprus's CySEC, valid in almost the entire European Economic Area, and therefore also after the tightening of 1 July 2026. (Verified: October 2026)
Is the crypto I buy on Revolut mine? It is held in custody by Revolut on your behalf: you can buy it, sell it and in many cases transfer it on-chain, but it is not a non-custodial wallet. For self-custody you need to transfer it to a personal wallet.
Is Revolut a bank? In the EU yes: it holds a banking licence obtained via Lithuania. Crypto services, however, are provided under the MiCA licence, a regulatory perimeter distinct from the banking one.
Verified sources
- https://www.coindesk.com/policy/2025/10/23/revolut-secures-mica-license-in-cyprus-expandin
- https://www.crowdfundinsider.com/2025/10/254897-revolut-obtains-mica-license-to-introduce-
- https://www.finextra.com/newsarticle/47866/revolut-co-founder-yatsenko-steps-down-as-cto
- https://www.fintechfutures.com/job-cuts-new-hires/revolut-co-founder-vlad-yatsenko-steps-d
- https://www.esma.europa.eu/sites/default/files/2024-12/CASPS.csv
- https://www.coindesk.com/business/2026/07/22/revolut-hits-usd115-billion-valuation-in-empl
- https://tech.eu/2026/07/22/revolut-confirms-fresh-secondary-share-sale-at-reported-115bn-v
- https://www.euronews.com/2026/10/20/digital-bank-revolut-down-in-major-worldwide-outage
