Digital bank Revolut could be planning to expand the scope of its cryptocurrency exchange with a derivatives offering, a new job posting on its website suggests.
Revolut is recruiting a general manager of crypto derivatives who will be tasked with taking a new derivatives offering “from zero to scale,” according to the job specification.
The London-based firm debuted its crypto exchange for professional traders in the U.K. in May 2024 before rolling it out across the European Union six months later.
The market for crypto derivatives in the U.K. has gathered some momentum in recent months with the debut of the first centrally-cleared and Financial Conduct Authority (FCA)-regulated derivatives platform GFO-X last month.
Mike Novogratz’ crypto financial services firm Galaxy is also eyeing a slice of this pie, with its U.K. arm securing FCA approval to execute derivatives trading in April.