A recent hiring post may have just unveiled Revolut’s next big move in the crypto space: a full-scale expansion into derivatives trading. The fintech firm is preparing to build this business from scratch, even as it navigates regulatory uncertainty in its home market.

From Trading App to Derivatives Platform

Revolut’s recent job listing for a “General Manager (Crypto Derivatives)” hints at an ambitious project. The role would oversee the development of a new derivatives offering, from designing the trading infrastructure to securing regulatory approvals and crafting a commercial strategy.

The company aims to create a “trusted, scalable, and profitable” platform, potentially tapping into its 50 million global users. The job posting spans London, Barcelona, and Dubai, suggesting that Revolut is casting a wide net for talent and regulatory clarity.

Source: Revolut

While still in early recruitment stages, the company's effort could be a part of its broader strategy to grow crypto services, especially for institutional clients.

However, Revolut’s derivatives plan may face a critical roadblock at home. The UK’s Financial Conduct Authority (FCA) has banned crypto derivatives for retail investors since 2021. This limits Revolut’s options unless it restricts access to professional clients.

Read more: Kraken Launches Crypto Prime Brokerage Targeting Wall Street Clients

The listing’s preference for candidates familiar with European Union financial rules and Revolut’s active hiring in Dubai suggests those regions may be the initial launch pads.

“As General Manager (Crypto Derivatives), you’ll own the business end-to-end from product architecture and trading infrastructure to commercial strategy, regulatory setup, and operational execution. You’ll take this from zero to scale with a mandate to build one of the most trusted, scalable, and profitable derivatives offerings in the world.”

Regulators May Complicate UK Launch

This move comes at a time when Revolut’s crypto unit plays an increasingly central role in its financial performance. In May 2024, the company launched Revolut X, a desktop trading platform for seasoned crypto users.

With support for over 100 tokens and low fees, the exchange has already established itself as a key piece of Revolut’s crypto expansion. A mobile version is expected in 2025.

These developments have contributed to strong financial results. Revolut more than doubled its pre-tax profit in 2024 to £1 billion ($1.3 billion), driven by a surge in trading activity and customer growth.

The company also committed to a €1 billion investment in France and applied for a banking license there, reinforcing its European ambitions.

Source: Finance Magnates