The fintech giant Revolut has received official approval from the Central Bank of the United Arab Emirates (CBUAE) to provide financial and cryptocurrency services in the region. This occurred on September 9, 2025, after one and a half years of negotiations and adaptation to local regulatory requirements. Revolut plans to launch payment services, cryptocurrency exchange, and investment products for 2 million clients in Dubai and Abu Dhabi by the end of 2025.
The company, valued at $45 billion, aims to become a leading player in the Middle East, where demand for digital assets is growing. According to CBUAE, the volume of cryptocurrency transactions in the UAE will reach $34 billion in 2024, which is 20% more than the previous year. Revolut integrates support for popular assets such as Bitcoin and Ethereum, as well as region-focused tokens like XRP. Additionally, the platform will offer free P2P transfers and tools for investing in local assets.
The launch in the UAE will strengthen Revolut's position in competition with Binance and Coinbase, which are already operating in the region. Experts predict that Revolut's entry will accelerate the digitization of the UAE's financial sector. Follow fintech news from #MiningUpdates !
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