📰 News Alert...

🔖 Title: Revolut Doubles Profits Driven by User Growth and Crypto Trading Boom

🗓️ Published: 2025-04-24T11:31:30+03:00

📄 Summary: Fintech powerhouse Revolut has reported an impressive year, doubling its pre-tax profits to £1 billion ($1.3 billion) for 2024, spurred by robust customer growth and a spike in cryptocurrency trading. The company's total revenue surged to £3.1 billion, driven largely by its wealth division, which saw nearly fourfold revenue growth in digital asset trading. With over 50 million users now on its platform, Revolut has positioned itself for continued growth, even as it navigates the challenges of converting app users to primary banking customers. Additionally, the recent acquisition of a UK banking license opens new avenues for services, including lending products. CEO Nik Storonsky emphasized that 2024 was a pivotal year for Revolut, with ongoing expansion and innovation across its business segments.

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https://cointelegraph.com/news/revolut-doubles-profit-user-growth-crypto-trading?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

🗞️ Source: Cointelegraph by Amin Haqshanas

💓 #Fintech #CryptoGrowth #DigitalBanking