Revolut achieved remarkable results in 2024. The UK-based bank disclosed in its annual report that its pre-tax profits increased to $1.3 billion, while revenues soared by 72% to £3.1 billion from £1.8 billion the previous year.

“Wealth revenues grew 298% YoY, driven by increased crypto trading activity as observed throughout the industry and the launch of the RevolutX crypto exchange,” said Victor Stinga, Chief Financial Officer of Revolut.
“2025 is already off to a great start and we look forward to a very exciting year ahead,” said Martin Gilbert.

In May 2024, the company launched RevolutX, a dedicated desktop crypto exchange, which gained popularity by offering over 100 tokens with attractive fee structures and real-time on/off ramp capabilities. Revolut confirmed that RevolutX would be accessible to a wider audience on mobile platforms starting from 2025.

By November 2024, Revolut expanded its crypto exchange services to 30 new markets within the European Economic Area (EEA), such as Belgium, Cyprus, and Denmark. This strategic move enabled the bank to leverage the growing interest in digital assets across Europe.

“Against the backdrop of strong business performance, we executed a secondary sale transaction at an implied $45 billion valuation to provide liquidity opportunities to employees, alumni, and early shareholders,” Stinga remarked.
“We have observed positive trends across all revenue streams, driven by customer base expansion on one hand and deepening engagement across all our products on the other,” he added.

As Revolut continues to evolve, its results underscore an increasing mainstream acceptance of digital assets, with regulated financial institutions taking on a pivotal role in expanding market access.