Revolut's 2024 pre-tax profit benefits from customer growth and cryptocurrency trading reaching £1 billion

Driven by rapid customer growth and a resurgence in cryptocurrency trading, fintech giant Revolut is set to double its pre-tax profit to £1 billion ($1.3 billion) by 2024. According to the annual report released on Thursday, April 24, Revolut's profit soared from £438 million in 2023, while revenue jumped from £1.8 billion to £3.1 billion. A key factor in Revolut's strong performance is its wealth division, which includes stock and digital asset trading. With the rebound in cryptocurrency trading activity, this division generated £506 million in revenue, nearly quadrupling that of 2023.