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Revolut appears to be preparing a major move into the crypto derivatives space, according to a new job posting that outlines plans to build a platform from the ground up.
A listing for a “General Manager (Crypto Derivatives)” role—open in London, Barcelona, and Dubai—describes full responsibility for launching a derivatives trading product, including platform architecture, regulatory strategy, and commercial development.
The post states that the London-based fintech giant wants to create “one of the most trusted, scalable, and profitable derivatives offerings in the world,” leveraging its 50 million global users.
A Revolut spokesperson confirmed that the firm is hiring to expand its crypto team but said it remains early in the process:
“These job listings reflect our ongoing exploration and consideration of future opportunities, rather than a confirmation of imminent product launches.”
Earlier this month, Kraken launched regulated crypto derivatives trading in the European Economic Area (EEA), following the approval of its MiFID II license earlier this year.
Kraken said its new offering includes perpetual and fixed-maturity futures contracts, now available to both retail and institutional users across Europe. The move follows Kraken’s acquisition of a Cypriot investment firm, which was approved by the Cyprus Securities and Exchange Commission (CySEC) in February.
Revolut announced a €1 billion investment in France and plans to apply for a local banking license. But the company’s derivatives ambitions may face friction in its home market: UK regulators banned crypto derivatives for retail users in 2021, citing consumer protection concerns.
“If Revolut targets the UK market, regulatory buy-in would be difficult unless the product is restricted to professional clients,” said Daniel Arroche of blockchain law firm D&A Partners.
The job post also highlights knowledge of EU financial markets as a plus, suggesting Revolut may be looking to launch in continental Europe or Dubai, where licensing frameworks for retail crypto derivatives already exist.
Revolut has been expanding its crypto presence aggressively. In May 2024, the company launched Revolut X, a desktop exchange aimed at experienced users, offering low-fee trading on 100 tokens. A mobile version is expected next year.
In April, Revolut reported a record $1.4 billion in pre-tax profit for 2024, up 149% from the previous. The company’s strong performance was largely driven by explosive growth in its wealth division, which includes cryptocurrency trading, commodities, and savings products.
Revolut’s wealth revenue soared 298% year-over-year to $647 million, supported by the launch of its standalone crypto exchange, Revolut X, in May and its expansion across 30 European markets. The company also secured a UK banking license in July after a prolonged three-year approval process.
Overall revenue jumped 72% to $4 billion in 2024, compared to $2.2 billion in 2023. Other growth drivers included a 74% increase in subscription revenue to $541 million, a 58% rise in FX income to $540 million, card payment growth of 43% to $887 million, and a 58% increase in interest income to $1 billion.
Revolut’s net profit rose 134% to $1 billion, up from $428 million, pushing its profit margin to 26% from 19% a year earlier.
