Revolut has secured a cryptocurrency license in Gibraltar, marking another important step in the UK-based fintech company’s plans to expand its digital asset services internationally.
The new regulatory authorization will allow Revolut to pursue cryptocurrency operations in additional markets beyond the United Kingdom and European Economic Area (EEA).
However, the company has not yet revealed which countries it intends to enter or when its expanded services could become available.
Revolut Secures Gibraltar Crypto License for Global Expansion
The Gibraltar Financial Services Commission (GFSC) has granted a Distributed Ledger Technology (DLT) Provider license to Revolut Global Digital Assets Limited, a newly established subsidiary of the financial technology company.
According to Monday’s announcement, the authorization forms part of Revolut’s broader strategy to strengthen its presence in the global cryptocurrency industry.
A company spokesperson confirmed to Cointelegraph that the Gibraltar license would support the expansion of Revolut’s crypto services into additional international markets.
Nevertheless, specific expansion destinations and launch schedules remain undisclosed.
The approval represents another regulatory milestone for the neobank as it seeks to develop its digital asset business while complying with financial regulations across different jurisdictions.
Revolut Expands Cryptocurrency Services Beyond Europe
Revolut already provides cryptocurrency products to customers in several major markets through its existing regulated entities.
In the United Kingdom, digital asset services are offered through Revolut Ltd.
Meanwhile, customers across the European Economic Area access cryptocurrency services through Revolut Digital Assets Europe Ltd.
These European operations are governed by the European Union’s Markets in Crypto-Assets Regulation (MiCA), which establishes a regulatory framework for cryptocurrency service providers.
The Gibraltar authorization adds another component to Revolut’s international regulatory structure, potentially supporting its expansion into jurisdictions outside its existing European footprint.
However, entering additional markets may still require compliance with local licensing and regulatory requirements.
Revolut Reports 16 Million Cryptocurrency Customers Worldwide
Revolut’s growing involvement in digital assets is supported by its substantial international customer base.
According to the company’s latest announcement, Revolut serves more than 80 million retail customers globally, including approximately 16 million cryptocurrency users.
These figures highlight the importance of digital assets within the fintech company’s expanding financial services ecosystem.
The new Gibraltar license could help Revolut reach additional customers while strengthening its position in the increasingly competitive cryptocurrency services market.
Moreover, the authorization reflects the company’s continued efforts to build a broader international platform for digital asset transactions and related financial products.
Dubai and US Approvals Strengthen Revolut’s Crypto Ambitions
The Gibraltar development follows several regulatory advances in other important financial markets.
In July, Revolut received in-principle approval to provide cryptocurrency services in Dubai, representing another step toward expanding its presence in the Middle East.
Subsequently, in September, the company secured preliminary conditional approval from US regulators to establish a national bank.
The proposed banking operation would include digital asset custody and cryptocurrency-related payment services.
Together, these developments demonstrate Revolut’s intention to expand its regulated financial and cryptocurrency activities across multiple regions.
Although the company has not announced specific launch dates for its latest international expansion plans, the Gibraltar license provides another regulatory foundation for its long-term digital asset strategy.
