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Revolut doubles profits to $1.3B on user growth, crypto trading boom

Coin Telegraph LogoCoin Telegraph12h ago

Revolut doubles profits to $1.3B on user growth, crypto trading boom - Coin Telegraph

Quick Summary:

This expansion boosted revenues from card payment fees and interest on deposits — the fintech’s two largest income streams.“2024 was another landmark year for Revolut, with continued growth across all key business areas,” founder and CEO Nik Storonsky said in the report.

Fintech giant Revolut has reported a record-breaking year, doubling its pre-tax profits to 1 billion British pounds ($1.3 billion) in 2024, driven by rapid customer growth and a resurgence in cryptocurrency trading.

The license paves the way for Revolut to expand its lending services, including credit cards, buy-now-pay-later products and potentially mortgages, which the company has confirmed are currently in testing.“We received a UK banking license (with restrictions), paving the way for future product enhancements in our home market,” Storonsky said.

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Article Details

Author / Journalist: Cointelegraph by Amin Haqshanas

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-24 @ 08:26:07 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 511 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28185612

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 26 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 7 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

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