Revolut Securities Europe Secures Category A License Under MiFID II

Revolut Securities Europe UAB (RSEUAB), which operates as Revolut’s trading arm in Europe, has received a license upgrade from the Bank of Lithuania. According to the announcement, the firm is now recognized as a Category A financial institution under the EU’s Markets in Financial Instruments Directive II (MiFID II).

Earlier this month, the Bank of Lithuania imposed a €3.5 million ($3.83 million) fine on Revolut due to shortcomings in its anti-money laundering controls. A routine inspection had revealed issues in how the company monitored business relationships and operations, leading to weak identification of suspicious activity, as stated by the regulator.

Revolut Securities Expands Services With License Upgrade

The upgraded license is said to allow RSEUAB to broaden the range of financial services it can legally offer across the European Economic Area (EEA). RSEUAB, which currently handles brokerage services for Revolut Invest, is expected to operate under a more extensive regulatory framework, enabling further development of its trading services in Europe.

MiFID II is described as a fundamental EU regulation that oversees firms offering investment services or trading financial instruments. Officials confirmed that by attaining the Category A status, RSEUAB has satisfied the directive’s requirements.

Moreover, the Bank of Lithuania would continue to regulate RSEUAB and ensure its adherence to EU financial standards. The regulator emphasized its role in protecting consumers and maintaining financial market integrity both in Lithuania and across the EEA.

Meanwhile, Revolut was reported to have strengthened its crypto portfolio by launching Revolut X, a new app aimed at UK users. The firm is positioning this platform as a direct competitor to established exchanges such as Binance and Coinbase.

Revolut Enhances Crypto Services And Streamlines Access To Investment Platforms

Following regulatory hurdles in both the UK and US, Revolut is said to be emphasizing low trading fees and easy fiat-to-crypto conversions. The Revolut X app reportedly supports trading of more than 100 cryptocurrencies, including Bitcoin.

This launch follows recent efforts to incorporate crypto into Revolut’s ecosystem, which includes the Revolut Ramp feature and a collaboration with MetaMask.

In relation to investment services, Revolut Securities is said to be providing access through several platforms, including Revolut Retail app, the Revolut Invest app, and Revolut Business app. Moreover, users can access these services through the main Revolut website and a specialized online interface known as “Terminal.” These are collectively referred to as the “Revolut app.”

To access these trading services, customers were informed that they must first open a Revolut current account, which then allows the creation and funding of an investment account. This investment account displays both cash and instrument balances, and links to a nominated account for processing payments.

Additionally, upon receiving customer funds, Revolut Securities would promptly deposit them into a designated client money account, which would then be used to fulfill investment orders.

Users were told that they can submit instructions—referred to as “orders”—to buy or sell financial instruments through the investment platform. Certain instruments, such as fractional or whole shares, may require a “minimum order value.” The company noted that this minimum value may change based on multiple factors and could be adjusted without prior notice.