Revolut Moves to Develop Crypto Derivatives Platform
June 3, 2025
Fintech giant Revolut is taking significant steps toward entering the burgeoning crypto derivatives market, as indicated by a recent job posting for a General Manager of Crypto Derivatives. The new role, which is part of an ambitious plan to build the derivatives business from the ground up, is aimed at capitalizing on Revolut’s substantial global customer base of 50 million users.
Job Listing Suggests Expansion in Crypto Trading
The job listing, which was made public on multiple platforms, details that the new General Manager will oversee the entire launch process of the crypto derivatives platform. This includes responsibilities related to product architecture, trading infrastructure, regulatory compliance, and commercial strategy. The objective laid out in the listing is clear: to create “one of the most trusted, scalable, and profitable derivatives offerings in the world.”
The announcement marks a noteworthy expansion of Revolut’s crypto offerings, which have already seen extensive development in recent years. Just weeks prior, on May 19, the company revealed plans to invest over 1 billion euros (approximately $1.1 billion) in France while also working towards obtaining a local banking license. This strategy appears to align with Revolut’s broader goal of enhancing its presence in the crypto space.
Comments from Revolut
A spokesperson for Revolut confirmed the company’s intentions regarding this new direction. "We can confirm we’re hiring to expand our expertise in crypto products and services across several markets, particularly for institutional clients," the spokesperson stated, emphasizing that the recruitment phase is still in its early stages. They also noted that the posted job listings are part of an ongoing exploration of future business opportunities rather than a definitive announcement of imminent product launches.
Potential Regulatory Challenges
However, Revolut’s ambitions could face hurdles, particularly in the United Kingdom, where the Financial Conduct Authority (FCA) banned crypto derivatives for retail users back in 2021 due to concerns over risk to inexperienced traders. This raises questions about where Revolut might initially focus its crypto derivatives offerings. The company has expressed familiarity with European Union financial regulations as an advantage, and Dubai could emerge as a viable option since its regulatory environment permits retail access, given the proper licensing.
Legal experts have weighed in on the situation. Daniel Arroche, a partner at the blockchain law firm D&A Partners, commented, “If Revolut targets the UK market, regulatory buy-in would be difficult unless the product is restricted to professional clients. But in the EU or Dubai, approval is more realistic.”
Background and Revenue Growth
Founded in 2015, Revolut was among the earliest fintech firms to embrace cryptocurrencies, adding trading support for digital assets in 2017. The company has continuously expanded its crypto offerings, including the introduction of Revolut X in May 2024, a dedicated desktop platform aimed specifically at experienced traders. This platform enables trading for 100 different tokens, features low fees, and includes real-time on-off ramp capabilities, with plans to extend its services to mobile users in 2025. Revolut’s crypto division has become a significant contributor to the company’s overall revenue. In 2024, it reported a remarkable doubling of its pre-tax profit to 1 billion British pounds (about $1.3 billion), up from 438 million pounds in 2023, propelled by rapid customer growth and a resurgence in crypto trading activities.
As Revolut prepares to delve deeper into the crypto derivatives realm, the fintech industry will be watching closely to see how the company navigates the regulatory landscape and meets the demands of its expanding user base.
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