Fintech giant Revolut appears to be gearing up for a move into the crypto derivatives market as a new job posting hints at plans to build the business from scratch.

A recent listing for a “General Manager (Crypto Derivatives)” role shows that Revolut is actively recruiting in London, Barcelona and Dubai. The position would oversee the end-to-end launch of the derivatives platform, from product architecture and trading infrastructure to regulatory compliance and commercial strategy.

According to the listing, the goal is to create “one of the most trusted, scalable, and profitable derivatives offerings in the world,” leveraging Revolut’s 50 million-strong global customer base.

The move comes as Revolut continues to expand its crypto offerings. On May 19, the company announced plans to invest more than 1 billion euros ($1.1 billion) in France and apply for a local banking license.

Cointelegraph reached out to Revolut for comment but had not received a response by publication.

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Revolut’s crypto derivatives push could clash with UK rules

Notably, Revolut’s ambitions for crypto derivatives could put the fintech company at odds with existing rules in the United Kingdom. The UK Financial Conduct Authority (FCA) banned crypto derivatives for retail users in 2021, citing risks to inexperienced traders.

Given the restrictions in the UK, Revolut’s initial market for crypto derivatives remains uncertain. However, the listing mentions familiarity with European Union financial market regulations as a plus, and Dubai is another candidate, as its regulatory regime allows retail access under proper licensing.

“If Revolut targets the UK market, regulatory buy-in would be difficult unless the product is restricted to professional clients,” said Daniel Arroche, partner at blockchain law firm D&A Partners. “But in the EU or Dubai, approval is more realistic.”

In 2024, Revolut obtained a long-awaited UK banking license, paving the way for the company to expand its lending services, including credit cards, buy-now-pay-later products and potentially mortgages.

Related: Revolut expands crypto exchange to 30 new markets in Europe

Revolut doubles down on crypto

Founded in 2015, Revolut was one of the first major fintechs to embrace crypto, adding trading support in 2017. Ever since, the company has been expanding its crypto offering.

In May 2024, Revolut introduced Revolut X, a dedicated desktop crypto exchange targeting experienced traders. The platform offers trading for 100 tokens with low fees and real-time on/off-ramp capabilities, with plans to expand to mobile in 2025.

Notably, the company’s crypto division now generates a significant share of overall revenue. In 2024, the fintech giant doubled its pre-tax profit to 1 billion British pounds ($1.3 billion) from 438 million pounds in 2023, driven by rapid customer growth and a resurgence in crypto trading.

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