Revolut Hits $1.7B Profit Mark, Crypto Trading Leads the Charge

TL;DR

• Record Profit Surge: Revolut reached a record $1.7B profit in 2024, with the booming crypto trading segment at the heart of its success.
• Crypto Trading Powerhouse: The launch of its crypto platform, Revolut X, spurred a staggering 298% revenue increase in crypto-related activities, making digital asset trading a pivotal profit driver.
• Broad-Based Growth: Alongside crypto, increased customer engagement, higher subscription fees, and expanded lending operations pushed total revenue to $3.1B.

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London-based fintech giant Revolut has smashed past expectations by reaching a record profit mark of $1.7 billion in 2024. This explosive growth is driven largely by the company’s booming crypto trading segment, underscoring the transformative power of digital assets in shaping modern financial services.

Revolut is the #1 finance app in Europe — once again (a thread 🧵)

Thanks to your trust, we set a new benchmark in 2024. pic.twitter.com/lf7fAMMoel

— Revolut (@RevolutApp) April 24, 2025

Crypto Trading Fuels Explosive Growth

Revolut’s wealth division, which encompasses both stock and crypto trading services, has been the primary catalyst behind the profit surge. The introduction of its dedicated crypto platform, Revolut X, has provided users with seamless access to a wide range of digital assets at highly competitive fees.

This innovation has not only attracted a wave of new traders but also led to a staggering 298% increase in revenue from crypto-related activities. As more customers flock to crypto trading, the division’s performance has propelled the overall profit figures to new heights, firmly establishing digital asset trading as a core pillar of Revolut’s strategy.

Record Revenue Across Multiple Segments

Alongside the crypto trading boom, Revolut has experienced robust growth across its other business segments. Total revenue soared by 72% to reach approximately $3.1 billion, driven by higher customer engagement, rising subscription fees, and expanded lending operations.

The company has also benefited from an influx of new users, with nearly 15 million additional customers joining its platform last year, pushing total customer balances and transactional volumes to record levels. These impressive metrics not only reflect the success of Revolut’s diversified growth strategy but also hint at the firm’s increasing ability to capitalize on emerging financial trends.

Paving the Way for Future Expansion

Looking ahead, Revolut’s recent achievements are set to serve as a springboard for its next phase of growth. With plans to launch full-scale banking services in the U.K. later this year, the company is poised to unlock further revenue streams from traditional financial products such as loans, overdrafts, and mortgages.

CEO Nik Storonsky and his team remain committed to expanding their global footprint while continuing to innovate within the crypto space. As digital finance evolves, the company is leading the charge, transforming market challenges into unparalleled growth opportunities.