Revolut's pre-tax profit reached $1.4 billion in 2024 due to a rise in encryption trading, a year-on-year increase of 149%.

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Odaily News According to the annual report released by the UK fintech company Revolut on Thursday, it disclosed that the company’s pre-tax profit will reach $1.4 billion in 2024, a year-on-year rise of 149%. This is partly due to the surge in crypto assets trading activities, with revenue growth primarily driven by its wealth division, which saw a year-on-year rise of 298%, reaching $647 million. Additionally, Revolut’s total revenue in 2024 is expected to rise by 72%, reaching $4 billion, up from $2.2 billion in 2023. (The Block)

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