Fintech powerhouse Revolut is signaling a bold expansion into the crypto derivatives space, with a newly listed executive role hinting at plans to build the operation from the ground up.
A recent job posting for a “General Manager (Crypto Derivatives)” reveals that the company is actively hiring for the position in London, Barcelona, and Dubai. The chosen candidate would be tasked with spearheading the complete development and rollout of a new derivatives trading platform—overseeing everything from infrastructure and compliance to strategy and product architecture.
The listing outlines Revolut’s ambition to craft “one of the most trusted, scalable, and profitable derivatives offerings in the world,” leveraging its global customer base of over 50 million users.
This move follows a series of crypto-centric developments by Revolut. Most recently, on May 19, the company announced plans to invest over €1 billion ($1.1 billion) in France and pursue a local banking license—part of a broader push to expand its crypto and banking capabilities across Europe.
However, Revolut’s entry into crypto derivatives may face regulatory challenges in the UK, where the Financial Conduct Authority (FCA) banned the sale of crypto derivatives to retail investors in 2021 due to concerns over consumer protection. The target market for Revolut’s new platform is unclear, but their job listing indicates a preference for expertise in EU financial regulation, hinting at a focus on European jurisdictions. Additionally, Dubai is considered a potential market due to its more favourable regulatory environment for retail access.
“If Revolut targets the UK market, regulatory buy-in would be difficult unless the product is restricted to professional clients,” said Daniel Arroche, a partner at D&A Partners, a law firm specializing in blockchain regulation. “But in the EU or Dubai, approval is more realistic.”
Revolut has been steadily broadening its crypto footprint. In April, it listed the native token of the Ethereum Layer 2 project Taiko, giving its 45 million users across 50 countries direct access to purchase TAIKO through its platform.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
