Revolut eyes crypto derivatives push
Revolut is preparing to enter the crypto derivatives market, as indicated by a job listing for a General Manager (Crypto Derivatives) to oversee the platform's development. The job post highlights plans to build the business from scratch, aiming to create a trusted and scalable derivatives offering while leveraging Revolut's global customer base of 50 million. The new role will be based in London, Barcelona, and Dubai, incorporating product architecture, trading infrastructure, and regulatory compliance. With the UK Financial Conduct Authority's previous restrictions on such offerings, Revolut's initial market for crypto derivatives remains uncertain, though EU regulations may present better opportunities. Revolut has been expanding its crypto services, including recently launching a dedicated desktop crypto exchange. The fintech has experienced significant growth in its crypto division, generating substantial revenue from the increasing customer base and crypto trading activities.
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