Revolution doubles profit to $ 1.3B on user growth, cripto trading boom

The Fintech Giant Revolution reported a record calculation year, doubles his tax in 20 billion pounds ($ 1.3 billion) in 2024. years, a rapid customer growth and revival in creptocurrency trading.

According to the annual year report Published on Thursday, 24. April, the revolution received from £ 438 million in 2023. year, while the income jumped to 3.1 billion pounds of 1.8 billion pounds.

The Key Contributor Revoluto Strong Performance was his division of wealth, which includes supplies and Digital funds trading. The segment achieved £ 506 million in income – almost four times higher than 2023. years – as the crypto trading activity recovered.

The revolution was in 2024. year added nearly 15 million new users, pushing its overall customer base in the last 50 million. This expansion reinforced income from fees for paying cards and interest on deposits, Fintech’s two largest income flows.

The founder and director of Nik Stotonki said the report that “2024 was another year for the revolution, and continuous growth in all key business areas”.

Related: PITH partners with revolution for digital data on real-time digital funds

Revolution gets a long-awaited license for UK in the UK

Stotoric observed that the company Received a long-awaited bank license in the UK in 2024. Yearsthat was provided in July after a three-year regulatory process.

The license has a road to Revolution to expand its borrowing servicesIncluding credit cards, purchase-US-salary-later products and potential mortgages, which the company is confirmed currently in testing.

“We received a banking license in Great Britain (with restrictions), racing the way for future improvements in our home market,” Stotor.

In May 2024, the revolution Revolution K presentedDark Desktop Cropto Exchange Targeting an experienced trader. The platform offers trading 100 tokens with low fees and real-time features, with plans to expand to mobile phone 2025.

In November, the revolue expanded his crypto exchange in EuropeReturn the X-revolution to 30 markets across the European Economic Area (EEA), including Belgium, Cyprus, Denmark and others.

The revolution continued to expand his digital funds during the year, offering customers access to cryptocurious relationships together with other investment options such as shares, ETFS, bonds and goods within their appraisal ecosystem, at the annual report.

Related: The revolution and Ledger Coin Provides a New Crypto rail to EEA

The revolution is struggling to attract bank customers

Despite rising, the revolution faces challenges in converting users of their popular applications in primary banking customers.

Growing depotity volumes remain critical for financing future lending operations and competitions with established retail banks. In 2024. year, the total customer balance increased to $ 39.8 billion of $ 23.9 billion.

The revolution also focuses on expanding its premium subscription base, and income from paid climbing plans 74% per year to 423 million pounds, according to the report.

In addition, its business services ARM now represents 15% of total income, reflecting efforts to diversify income flows outside retail banking.

Looking forward, Stotoric said that the revolution intends to reach 100 million daily active users in 100 countries.

Journal: Etherum Maxis should become “jerks” to win a race race of the torn