Crypto.com reports record $1.5B revenue in 2024 to become the third largest exchange
Crypto.com recorded a staggering $1.5 billion in revenue during 2024, with CEO Kris Marszalek attributing the growth to strong trading activity from its 140 million users.
The exchange’s operational efficiency helped generate approximately $1 billion in gross profit after covering salaries and other expenses.
Amid the impressive revenue figures, Crypto.com invested heavily in expanding its market presence. The company said it allocated around $700 million to user acquisition, incentives, and branding, leaving it with a net profit of $300 million.
Additionally, the exchange benefited from Bitcoin’s (BTC) rally to new all-time highs since it holds the asset as part of its treasury strategy.
Marszalek noted that Crypto.com plans to…
