Revolut’s 2024 Revenue Soars 72% on Crypto Trading Boom
Revolut’s financial performance surged in 2024, with pre-tax profits doubling to $1.3 billion and revenues jumping 72% to £3.1 billion. The neobank attributed this growth to its digital asset division, where wealth revenues skyrocketed 298% year-over-year.
The launch of RevolutX crypto exchange in May 2024 proved transformative, offering access to over 100 tokens with competitive fees. "Our crypto trading activity mirrored industry-wide trends," said CFO Victor Stinga, noting the platform’s real-time fiat conversion capabilities drove adoption.
With mobile expansion planned for 2025, RevolutX appears poised to capture more retail crypto volume. The results underscore how traditional fintech players are successfully bridging the gap between banking and digital assets.
