Revolution Regulation of wealth Soars 298% AS CRIPTO Offer Click on Gear – DL News

The revolution’s big bet on Cripto finally pays off.

British Neobank said on Thursday that he earned $ 1.5 billion in profit for 2024. Year – the first time his annual profit exceeded $ 1 billion in his investment for the crypt trading.

The top line in the revolution’s business division business departments jumped 298%, to 674 million dollars, thanks to processing crypto activities, companies export. .

Performance show how Fintech Ventures benefit from crypto bids and putting pressure on digital property platforms such as coins and Krakan.

In the fourth quarter, wage, an online offer of zero commission, A was recorded 700% Jump in Cripto SalesWhich US company pushed into profitability in a year.

On Wednesday, etoro, UK-Israeli Online Broker who offered a long crypto, added 29 More tokens on the list of trading cryptocurries on its platform.

Last May, the Revolution debuted the app for the mobile crypto called Revolution X. While the application for its British customers, the company said it plans to expand the coverage of traders in the United States Challenging Cripto Exchange Inclumsets Like Coinbase.

Valletshare

Market analysts say Fintechs have the edge over the CRIPTO store due to recognition and recognition and regulatory number. The revolution is, for example, already has a banking license in the UK.

Moreover, offering a cripto as one of the many services, fintechs such as the revolution can build their “Valletshare” customers and increase their income and earnings.

Last week, Kraken, the second largest American Cript Exchange, announced that it would offer customers New stock trading service For 11,000 capital and ETFs.

But Cripto looks ready to create more income from platform fees. The Cripto Trading Volume stewed in the fourth quarter, but has since dropped by a third of up to $ 104 billion in the middle of a wider decline for cryptocurrency.

Osato Avan-Nomaio Is our correspondent in Nigeria based. It covers Defi and Tech. To share tips or stories information, contact it at osato@dlnews.com.