Revolut Sees 72% Revenue Growth Driven By Digital Asset Trading

Revolut recorded a staggering efficiency in 2024. The UK-headquartered financial institution introduced, in its 24 April 2025 annual report, that its pre-tax earnings doubled to $1.3 billion, whereas revenues surged 72% to £3.1 billion from £1.8 billion within the earlier yr.

“Wealth revenues grew 298% YoY, driven by increased crypto trading activity as observed throughout the industry and the launch of the RevolutX crypto exchange,” stated Victor Stinga, Chief Monetary Officer of Revolut. 

It’s price noting that the corporate launched RevolutX, a devoted desktop crypto trade, in Might 2024. It grew to become well-liked for providing over 100 tokens with aggressive charge constructions and real-time on/off ramp capabilities. 

Moreover, Revolut stated RevolutX will likely be accessible for a broader viewers on cell platforms beginning 2025.

“2025 is already off to a great start and we look forward to a very exciting year ahead,” stated Martin Gilbert.

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“2024 was another landmark year for Revolut, with continued growth across all key business areas,” stated Revolut founder and CEO Nik Storonsky

Revolut greater than doubled its earnings to £1B in 2024 as crypto buying and selling surged and buyer numbers hit 50M+.

Revenue jumped to £3.1B, up from £1.8B in 2023.

Its wealth division, together with crypto, introduced in £506M – almost 4x final yr.#Revolut #CryptoTrading pic.twitter.com/g80fumBLUP

— Satoshi Talks (@Satoshi_Talks) April 24, 2025

By November 2024, Revolut expanded its crypto trade companies throughout 30 new European Financial Space (EEA) markets, together with Belgium, Cyprus, and Denmark. This growth technique has allowed the corporate to capitalize on rising curiosity in digital property throughout Europe.

“Against the backdrop of strong business performance, we executed a secondary sale transaction at an implied $45 billion valuation to provide liquidity opportunities to employees, alumni, and early shareholders, establishing Revolut as the most valuable private technology company in Europe,” stated Stinga. “By way of this course of, we welcomed on board a variety of new buyers identified for his or her thought management in our trade together with: Coatue, Sturdy Capital Companions, Dragoneer, Constancy Administration & Analysis Firm, Baillie Gifford, Growth Fairness at Goldman Sachs Options, D1 Capital Companions, Mubadala, and Affinity Companions, amongst others. We’re grateful for his or her belief and are wanting ahead to their help.

“We have observed positive trends across all revenue streams, driven by customer base expansion on one hand and deepening engagement across all our products on the other,” stated the CFO. 

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Did the crypto market’s resurgence performed a pivotal function within the financial institution’s development?

All through 2024, Revolut strategically enhanced its crypto choices, positioning itself as a user-friendly gateway to digital property for retail buyers.

Revolut’s technique extends past retail banking and cryptocurrency buying and selling. For cryptocurrency fanatics and buyers, Revolut’s outcomes supply additional proof that digital property have gotten more and more mainstream, with regulated monetary establishments now enjoying a big function in facilitating market entry and development. Moreover, the corporate has been actively diversifying its income sources, with notable success in premium subscriptions and enterprise companies. Revenue from paid plans climbed 74% year-over-year to £423 million. 

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