Revolut sees pre-tax profit in 2024 boosted by customer growth and £1bn in crypto trading
the financial technology giant Revolut's pre-tax profit is expected to double by 2024, reaching 1 billion pounds (1.3 billion dollars) driven by rapid customer growth and the resurgence of cryptocurrency trading. According to the annual report released on Thursday, April 24, profits for Revolut soared from 438 million pounds in 2023, while revenue jumped from 18 billion pounds to 31 billion pounds.
One key factor in Revolut's strong performance is its wealth division, which includes stock and digital asset trading. With the rebound in cryptocurrency trading activity, this division generated 506 million pounds in revenue, almost four times that of 2023.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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