Nikolas Sargeant
Fintech company Revolut is expanding its crypto offerings by seeking a General Manager for Crypto Derivatives. The new role, based in London, Barcelona, and Dubai, aims to oversee the development of a crypto derivatives platform from the ground up. The initiative is part of Revolut's strategy to leverage its 50 million-strong global customer base to create a scalable and profitable derivatives offering.
The job listing outlines responsibilities that include product architecture, trading infrastructure, regulatory compliance, and commercial strategy. Revolut's spokesperson confirmed the hiring effort, noting that these positions reflect the company's exploration of future opportunities in the crypto space, particularly for institutional clients. However, they emphasized that these are early-stage recruitment efforts without imminent product launches.
This move comes as Revolut continues to expand its crypto offerings. In May 2024, the company introduced Revolut X, a dedicated desktop crypto exchange targeting experienced traders. The platform offers trading for 100 tokens with low fees and real-time on/off-ramp capabilities, with plans to expand to mobile in 2025.
Revolut's push into crypto derivatives may face regulatory challenges, particularly in the UK, where the Financial Conduct Authority banned crypto derivatives for retail users in 2021. The company may need to target professional clients or focus on markets with more favorable regulations, such as the European Union or Dubai.
Growth in the Crypto Derivative Market
The global crypto derivatives market is experiencing significant growth, driven by increased institutional interest and strategic acquisitions. In May 2025, Coinbase announced its acquisition of Deribit, the world's leading crypto options exchange, for $2.9 billion. This move positions Coinbase as a dominant player in the crypto derivatives space, aiming to provide a comprehensive platform that includes spot, futures, perpetual futures, and options trading. Deribit reported over $1.2 trillion in trading volume in 2024 and holds approximately $30 billion in open interest, primarily from institutional clients.
Similarly, Russia is exploring the expansion of its crypto market by proposing a legal framework that would allow "specially qualified" investors to trade cryptocurrencies and crypto derivatives. This initiative marks a shift from the country's previous stance against cryptocurrencies, aiming to increase market transparency and attract institutional investments. Under the proposed regime, individuals with significant financial assets would be permitted to engage in crypto trading, while cryptocurrency remains banned as a form of payment.
