A recent hiring post may have just unveiled Revolut’snext big move in the crypto space: a full-scale expansion into derivativestrading. The fintech firm is preparing to build this business from scratch,even as it navigates regulatory uncertainty in its home market.From Trading App to Derivatives PlatformRevolut’s recent job listing for a “General Manager(Crypto Derivatives)” hints at an ambitious project. The role would oversee thedevelopment of a new derivatives offering, from designing the tradinginfrastructure to securing regulatory approvals and crafting a commercialstrategy. The company aims to create a “trusted, scalable, and profitable” platform, potentially tapping into its 50 million global users. The job posting spans London, Barcelona, and Dubai, suggesting that Revolut is casting a wide net for talent and regulatory clarity.While still in early recruitment stages, the company's effort could be a part of its broader strategy to grow crypto services,especially for institutional clients.However, Revolut’s derivatives plan may face a criticalroadblock at home. The UK’s Financial Conduct Authority (FCA) has banned cryptoderivatives for retail investors since 2021. This limits Revolut’s optionsunless it restricts access to professional clients.Read more: Kraken Launches Crypto Prime Brokerage Targeting Wall Street ClientsThe listing’s preference for candidates familiar withEuropean Union financial rules and Revolut’s active hiring in Dubai suggeststhose regions may be the initial launch pads.“As General Manager (Crypto Derivatives), you’ll own thebusiness end-to-end from product architecture and trading infrastructure tocommercial strategy, regulatory setup, and operational execution. You’ll takethis from zero to scale with a mandate to build one of the most trusted,scalable, and profitable derivatives offerings in the world.”Regulators May Complicate UK LaunchThis move comes at a time when Revolut’s crypto unitplays an increasingly central role in its financial performance. In May 2024,the company launched Revolut X, a desktop trading platform for seasoned cryptousers. With support for over 100 tokens and low fees, theexchange has already established itself as a key piece of Revolut’s cryptoexpansion. A mobile version is expected in 2025.These developments have contributed to strongfinancial results. Revolut more than doubled its pre-tax profit in 2024 to £1billion ($1.3 billion), driven by a surge in trading activity and customergrowth. The company also committed to a €1 billion investmentin France and applied for a banking license there, reinforcing its Europeanambitions.This article was written by Jared Kirui at www.financemagnates.com.