{"id":23394,"date":"2025-04-24T16:59:55","date_gmt":"2025-04-24T13:59:55","guid":{"rendered":"https:\/\/forklog.com\/en\/revolut-achieves-record-1-4-billion-profit-driven-by-cryptocurrency\/"},"modified":"2025-04-24T16:59:55","modified_gmt":"2025-04-24T13:59:55","slug":"revolut-achieves-record-1-4-billion-profit-driven-by-cryptocurrency","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/revolut-achieves-record-1-4-billion-profit-driven-by-cryptocurrency\/","title":{"rendered":"Revolut Achieves Record $1.4 Billion Profit Driven by Cryptocurrency"},"content":{"rendered":"<p>In 2024, fintech company Revolut reported a record pre-tax profit <a href=\"https:\/\/assets.revolut.com\/pdf\/annualreport2024.pdf\">of \u00a31.09 billion ($1.4 billion)<\/a>, marking a 149% increase.<\/p>\n<p>A key driver was the growth in its wealth management division, which surged by 298% to reach $647 million. This figure includes revenues from digital asset operations, commodities, as well as trading and savings products.<\/p>\n<p>This was partly facilitated by the <a href=\"https:\/\/forklog.com\/en\/news\/revolut-launches-cryptocurrency-exchange\">launch<\/a> of the standalone cryptocurrency platform Revolut X, which subsequently became accessible to residents of 30 European countries.<\/p>\n<p>In July, the company <a href=\"https:\/\/forklog.com\/en\/news\/revolut-secures-uk-banking-licence\">secured<\/a> a banking license from the <span data-descr=\"Financial Conduct Authority\" class=\"old_tooltip\">FCA<\/span> after a three-year application review period.<\/p>\n<p>Revolut&#8217;s total revenue in 2024 soared by 72% to \u00a33.1 billion ($4 billion). Its customer base expanded by 38% to 52.5 million.<\/p>\n<p>User <span data-descr=\"assets under management\" class=\"old_tooltip\">AUM<\/span> grew by 66% to \u00a330.2 billion ($38.8 billion). Transaction volume jumped by 52% to \u00a31 billion ($1.28 trillion).<\/p>\n<p>In August 2024, Revolut and Ledger <a href=\"https:\/\/www.ledger.com\/blog-revolut-joins-ledger-live-as-a-buy-provider\">agreed<\/a> to integrate the Revolut Ramp purchase service into the Ledger Live application.<\/p>\n<p>In January 2025, the Pyth Network project <a href=\"https:\/\/forklog.com\/en\/news\/revolut-to-supply-market-data-to-pyth-networks-defi-oracles\">entered into an agreement<\/a> with the company to provide quotes and trading data for its oracle network.<\/p>\n<p>According to the Financial Times, Revolut is <a href=\"https:\/\/forklog.com\/en\/news\/global-banks-and-fintech-firms-enter-the-stablecoin-race\">exploring the possibility<\/a> of entering the stablecoin market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2024, fintech company Revolut reported a record pre-tax profit of \u00a31.09 billion ($1.4 billion), marking a 149% increase. A key driver was the growth in its wealth management division, which surged by 298% to reach $647 million. This figure includes revenues from digital asset operations, commodities, as well as trading and savings products. This [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23393,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[83,1252,1396],"class_list":["post-23394","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-business","tag-reports","tag-revolut"],"aioseo_notices":[],"amp_enabled":true,"views":"46","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/23394","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=23394"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/23394\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/23393"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=23394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=23394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=23394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}