Revolut's 2024 pre-tax profit benefits from customer growth and cryptocurrency trading reaching £ 1 billion
Online reports that financial technology giant Revolut will double its pre-tax profit to 1 billion pounds (US$1.3 billion) by 2024, driven by rapid customer growth and a recovery in cryptocurrency trading. According to its annual report released on Thursday, April 24, Revolut's profits surged from £ 438 million in 2023, while revenue jumped from £ 1.8 billion to £ 3.1 billion. A key factor in Revolut's strong performance was its wealth division, which includes equity and digital asset trading. As cryptocurrency trading activity rebounded, the division generated £ 506 million in revenue, almost four times the amount in 2023.
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