TL;DR
- Revolut is preparing a crypto derivatives division and is seeking a general manager to build the operation from scratch.
- The UK derivatives market gained momentum after the debut of GFO-X and Galaxy’s FCA license approval.
- Revolut aims to attract professional traders seeking regulated derivatives and strengthen its crypto business in Europe.
Revolut is moving forward with plans to expand its crypto business by adding a derivatives offering. The company recently posted a job opening to hire a general manager who will lead this project, tasked with building the operation from zero and scaling it commercially. This move confirms the British firm’s intention to strengthen its position in a market that’s gaining traction among investors in the United Kingdom.
The fintech launched its crypto exchange for professional traders in May 2024. Initially available only in the UK, the platform expanded to European Union countries six months later. Revolut now seeks to diversify its services and capture volume in the derivatives segment, a market that started to formalize with the arrival of newly regulated platforms.
In May, GFO-X launched as the first derivatives platform with centralized clearing and authorization from the Financial Conduct Authority (FCA). This marked a starting point for the institutional market in the country, which until then had operated without a formally regulated infrastructure.
Revolut, Galaxy and More Players
Alongside Revolut, other firms are also moving into the market. Galaxy, controlled by Mike Novogratz, secured FCA approval in April to run derivatives trading through its UK subsidiary. Competition to attract institutional investors demanding regulated derivative instruments has started to accelerate rapidly.
Revolut wants to meet growing client demand by offering advanced products to complement its current services. Derivatives allow traders to manage risk, take advantage of price volatility, and access strategies unavailable on spot exchanges. The firm is betting on capturing part of that volume and expanding its professional client base.
While there’s no official launch date yet, the publication of this job opening signals that Revolut is moving ahead with the operational structure and business plan for this new division
