Revolut Experiences 72% Increase in Revenue Fueled by Digital Asset Trading

Revolut achieved remarkable success in 2024. The bank headquartered in the UK revealed, in its 24 April 2025 annual report, that its pre-tax earnings had doubled to $1.3 billion, while revenues skyrocketed by 72% to £3.1 billion compared to £1.8 billion from the prior year.

“Wealth revenues rose by 298% year-over-year, fueled by heightened crypto trading activity as reflected across the sector and the introduction of the RevolutX crypto trading platform,” stated Victor Stinga, Chief Financial Officer of Revolut.

It is important to highlight that the company launched RevolutX, a specialized desktop crypto trading protocol, in May 2024. It gained popularity by offering over 100 tokens with attractive fee structures and real-time on/off ramp options.

Moreover, Revolut announced that RevolutX will be accessible to a wider audience on mobile platforms starting in 2025.

“2025 has already begun on an excellent note, and we anticipate a very exciting year ahead,” commented Martin Gilbert.

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“2024 was yet another groundbreaking year for Revolut, marked by ongoing growth in all crucial business sectors,” remarked Revolut founder and CEO Nik Storonsky

Revolut more than doubled its profits to £1B in 2024 as crypto trading surged and customer numbers surpassed 50M.

Revenue climbed to £3.1B, up from £1.8B in 2023.

Its wealth division, including crypto, generated £506M – nearly four times last year.#Revolut #CryptoTrading pic.twitter.com/g80fumBLUP

— Satoshi Talks (@Satoshi_Talks) April 24, 2025

By November 2024, Revolut to broadened its crypto trading platform services to cover 30 new markets in the European Economic Area (EEA), including Belgium, Cyprus, and Denmark. This expansion strategy has enabled the company to tap into the growing interest in digital assets across Europe.

“In the context of our strong business results, we executed a secondary sale transaction at an implied $45 billion valuation, offering market fluidity opportunities to employees, alumni, and early stakeholders, which has established Revolut as the top private tech company in Europe,” stated Stinga. “From this process, we welcomed a number of new investors recognized for their industry leadership including: Coatue, Durable Capital Partners, Dragoneer, Fidelity Management & Research Company, Baillie Gifford, Growth Equity at Goldman Sachs Alternatives, D1 Capital Partners, Mubadala, and Affinity Partners, among others. We appreciate their trust and eagerly anticipate their base level.

“We have witnessed positive trends across all revenue streams, propelled by increasing customer base on one side and deeper engagement across all our offerings on the other,” noted the CFO.

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Did the revival of the market play a crucial role in the bank’s expansion?

In 2024, Revolut strategically bolstered its crypto services, establishing itself as a user-friendly portal to digital assets for retail investors.

Revolut’s approach goes beyond retail banking and crypto trading. For cryptocurrency aficionados and investors, Revolut’s results provide additional proof that digital assets are gaining widespread acceptance, with regulated financial institutions now significantly contributing to trading market access and expansion. Additionally, the company has been proactively diversifying its income streams, achieving notable success in premium subscriptions and business services. Revenue from subscription services grew 74% year-over-year to £423 million.

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