Revolut recorded an astounding performance in 2024. The Bank based in the United Kingdom announced, in its annual report of April 24, 2025, that its before tax profits doubled to $ 1.3 billion, while income increased by 72% to 3.1 billion pounds sterling against 1.8 billion pounds sterling the previous year.
“Wealth income increased by 298% in annual shift, driven by an increase in crypto negotiation activity, as observed throughout the industry and the launch of the Revolutx Crypto Exchange,” said Victor Stingu, Revolut financial director.
It should be noted that the company launched Revolutx, an exchange of dedicated office crypto, in May 2024. It became popular to offer more than 100 chips with competitive cost structures and rail railboard capacities.
In addition, Revolut said Revolutx will be available for a wider audience on mobile platforms from 2025.
“2025 has already gone well and we are looking forward to a very exciting year to come,” said Martin Gilbert.
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“2024 was another historic year for Revolut, with continuous growth in all key activity areas,” said Revolut founder and CEO Nik Storonsky
Revolut has more than doubled its profits to 1 billion pounds sterling in 2024 while crypto trading increased and that customer numbers have reached 50 m +.
Income increased to 3.1 billion pounds sterling, compared to 1.8 billion pounds sterling in 2023.
Its wealth division, including Crypto, reported 506 million pounds Sterling – nearly 4x last year.#Revolut #Cryptotrading pic.twitter.com/g80fumblup
– Satoshi Talks (@satoshi_talks) April 24, 2025
In November 2024, Revolut expanded its crypto exchange services to 30 new European Economic Space (EEE) markets, notably Belgium, Cyprus and Denmark. This expansion strategy has enabled the company to capitalize on an increasing interest in digital assets across Europe.
“In the context of solid commercial performance, we have executed a secondary sales transaction to an implicit evaluation of $ 45 billion to provide liquidity opportunities to employees, former and first shareholders, establishing Revolut as the most precious private technology company in Europe,” said Stingua. “Thanks to this process, we have welcomed a number of new investors known for their enlightened leadership in our industry on board, in particular: Coatue, Sustainable Capital Partners, Dragoneer, Fidelity Management & Research Company, Baillie Gifford, Growth Equity at Goldman Sachs Alternatives, D1 Capital Partners, Mubadala and Affinity Partners. We are grateful to their confidence and their support impatiently.
“We have observed positive trends on all sources of income, driven by the expansion of customers on the one hand and deepen the commitment of all our products on the other,” said the financial director.
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Has the resurgence of the cryptography market played a central role in the growth of the bank?
Throughout 2024, Revolut strategically improved its cryptography offers, positioning itself as a friendly gateway to digital assets for retail investors.
The revolut strategy extends beyond the retail banking and the trading of cryptocurrencies. For cryptocurrency enthusiasts and investors, revolut results offer additional evidence that digital assets are becoming increasingly common, regulated financial institutions now play an important role in facilitation of access and market growth. In addition, the company has actively diversified its sources of income, with a notable success in premium subscriptions and commercial services. Revenues from remunerated plans increased 74% in annual shift to 423 million pounds sterling.
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Main to remember
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“2024 was another historic year for Revolut, with continuous growth in all key activity areas,” said founder and CEO Nik Storonsky.
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In November 2024, Revolut had expanded its crypto exchange services in 30 new markets in the European economic field (EEE), notably Belgium, Cyprus and Denmark.
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