Revolut Plans Expansion into Cryptocurrency Derivatives Market
Digital bank Revolut is considering expanding its cryptocurrency exchange to include derivatives. A recent job posting indicates the need for a general manager of crypto derivatives, responsible for developing this new offering.
Key points:
- Revolut launched its crypto exchange for professional traders in the U.K. in May 2024.
- The exchange was subsequently rolled out across the European Union six months later.
- The U.K. crypto derivatives market has gained momentum, highlighted by the launch of the first FCA-regulated derivatives platform, GFO-X.
- Galaxy Digital, led by Mike Novogratz, also received FCA approval for derivatives trading in April.