Revolut Eyes Crypto Derivatives Market With New General Manager Hire

Fintech heavyweight Revolut is setting its sights on the crypto derivatives market, and while nothing is officially confirmed yet, the signs are hard to miss. 

A new job listing for a “General Manager (Crypto Derivatives)” suggests the company may be preparing to build a derivatives platform from the ground up.

The listing, spotted on the company’s careers portal, reveals plans to hire for the position in London, Barcelona, and Dubai. The role isn’t just managerial—it’s strategic. 

Revolut’s job listing for General Manager (Crypto Derivatives) (Source: Revolut)

The chosen candidate will reportedly be tasked with overseeing everything from the product’s design and trading infrastructure to compliance and commercial rollout. According to the posting, the goal is bold: build “one of the most trusted, scalable, and profitable derivatives offerings in the world.”

Also read: Revolut Expands Crypto Exchange to 30 New European Markets – Discover What It Means for Traders

That ambition makes a lot more sense when you consider Revolut’s customer base. With over 50 million users worldwide, the company is uniquely positioned to enter new markets fast—and at scale.

Revolut’s Expanding Crypto Ambitions

This move comes as Revolut doubles down on crypto. Just a couple of weeks ago, on May 19, the fintech firm revealed plans to invest more than €1 billion ($1.1 billion) in France and announced its intention to secure a local banking license. It also recently launched Revolut X, a dedicated crypto exchange for pro traders that supports 100 tokens and aims to offer slick real-time on/off-ramp capabilities.

While the company is still playing it safe publicly—confirming only that it’s hiring to “expand our expertise in crypto products and services”—the writing seems to be on the wall. A company spokesperson has also said that the listings reflect an ongoing exploration, not a confirmation of imminent product launches.

Regulatory Headwinds in the UK

There’s one catch: crypto derivatives are banned for retail investors in the United Kingdom. The Financial Conduct Authority (FCA) introduced the ban back in 2021, citing excessive risk for inexperienced traders. That means if Revolut is hoping to offer such products in the UK, it may need to limit access to institutional or professional clients.

“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.”

Dubai may be the most promising jurisdiction, given its friendlier crypto rules. The listing does highlight the value of familiarity with EU regulations, hinting that Revolut could be eyeing multiple regional rollouts depending on local compliance requirements.

Fintech’s Crypto Frontier

The company has come a long way since it first added crypto trading in 2017. Its crypto unit now plays a critical role in the firm’s broader revenue strategy. In 2024, Revolut posted a pre-tax profit of £1 billion ($1.3 billion), more than doubling the £438 million it reported in 2023—largely thanks to growing crypto activity and its ever-expanding user base.

Also read: Revolut Doubles Profit to $1.3B in 2024 Amid Crypto Surge, Banking License Win, and User Boom

And the crypto derivatives move? It might just be the next big chapter in that story.

As the company ramps up its global expansion, from desktop crypto exchanges to derivatives platforms and full banking services, it’s becoming clear: Revolut is no longer just playing in the fintech sandbox. It wants to be a major force in the next era of crypto finance.