Revolut’s pre-tax profits doubled to 1 billion pounds (1.3 billion USD) in 2024, up from 438 million pounds in 2023, driven largely by its active cryptocurrency trading.
The company added 15 million new users in 2024, pushing its total customer base to over 50 million, thereby enhancing revenue from card payments and deposits.
Revolut secured its UK banking license in 2024, allowing it to expand into lending. It also launched Revolut X, a desktop crypto exchange, which will facilitate wider crypto trading in Europe.
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