NEWS: Crypto trading fees help Revolut 2024 profit soar 149%
By Elizabeth Howcroft and Tommy Reggiori Wilkes
REVOLUT’S pretax profit surged 149% last year to 1.1 billion pounds ($1.46 billion) as the financial technology firm rode a wave in crypto trading and earned more from interest rates and card fees, the company said.
Revenue at the London-based fintech rose to 3.1 billion pounds, up from 1.8 billion pounds in 2023, it said, driven by income from interest on the back of higher rates, card payments and the company’s “Wealth” segment, which includes trading and crypto products.
Subscribe now to have unlimited access
With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the…
