On April 25, 2025, Revolut – the leading fintech platform – announced a pre-tax profit of 1.4 billion USD for 2024, up 149% from the previous year, thanks to the boom from crypto trading. With an ambition to reach 100 million users in 100 countries, can Revolut become the new 'giant' in the digital finance sector? Let's analyze in detail.


Revolut Records a Historic Profit of 1.4 Billion USD

According to the 2024 financial report, Revolut achieved a pre-tax profit of 1.4 billion USD, up 149% compared to 2023. The company's total revenue for the year reached 4 billion USD, a 72% increase, with the digital asset segment – including crypto, commodities, trading, and savings – growing impressively by 298%, reaching 647 million USD. Net profit also surged to 1 billion USD, with net profit margin improving from 19% to 26%.


The main driver comes from crypto trading activity, especially after the launch of Revolut X – a separate crypto trading platform – in May 2024. This platform quickly expanded to 30 European markets, allowing the company to fully capitalize on the cryptocurrency boom in 2024, as Bitcoin hit 85,000 USD and XRP rose 9% in 2 weeks (price 2.19 USD, market cap 126.6 billion USD).


Outstanding Growth Across Multiple Metrics

In addition to revenue and profit, Revolut recorded many impressive operational metrics:



  • Global users: Reached 52.5 million, up 38% compared to 2023.


  • Total customer balance: Increased by 66% to 38 billion USD.


  • Trading volume: Increased by 52%, reaching nearly 1.3 trillion USD.

  • Monthly active users: Individuals increased by 42%, businesses increased by 56%.



These figures show that Revolut is not only growing financially but also significantly expanding its user base and operational scale, reinforcing its position in the fintech sector.


Presence in the Crypto Ecosystem

Revolut is not only focused on crypto trading but is also expanding its role in the digital asset ecosystem:



  • Collaboration with Pyth Network: At the beginning of 2024, Revolut became the first bank to publish on-chain trading price data on Pyth Network, supporting DeFi applications with transparent price information.


  • Developing its own stablecoin: By September 2024, Revolut is reported to be developing its own stablecoin, joining the trend of major companies like Tether (market cap USDT 119 billion) and Russia (proposing a domestic stablecoin).


These moves indicate that Revolut is leveraging blockchain technology not only for transactions but also contributing to the development of the DeFi ecosystem and global digital assets.


Challenges and Expansion Plans

Despite achieving great milestones, Revolut previously faced challenges in the US, forced to shut down its crypto segment in October 2023 due to legal barriers from the Biden era. However, under Trump – with friendlier policies such as the Fed rolling back crypto restrictions and the SEC opening a 'sandbox' with El Salvador – Revolut may find opportunities to return to this market in the future.


Revolut continues to maintain its global growth momentum, with plans to launch banking services in the UK and Mexico in 2025, while also expanding into India and markets in the Americas and Asia-Pacific. CEO Nik Storonsky stated, 'We are just getting started,' aiming to reach 100 million daily active users in 100 countries, reflecting the company's ambitious vision.


Impact on the Crypto Market

Revolut's success brings many positive signals to the cryptocurrency industry:



  • Increasing Legitimacy: The involvement of a major fintech platform like Revolut makes crypto more familiar to traditional users, thereby driving widespread adoption.


  • Driving Innovation: With Revolut X and plans to develop a stablecoin, the company is reshaping how users approach digital assets, competing with platforms like Bitfinex (backed by Twenty One) and the Meteora exchange (where the memecoin TRUMP charged 1.6 million USD in 24 hours).


  • Supporting Crypto Values: A 52% increase in trading volume at Revolut helps enhance liquidity, supporting the prices of tokens like Bitcoin (85,000 USD) and Solana (148.26 USD), especially in the context of a weakening USD (USDX hitting a new low of 97.9 on 21/04/2025, according to FXCE).



Future Outlook

With a record profit of 1.4 billion USD and strong expansion in the crypto sector, Revolut is positioning itself as a 'giant' in the digital finance industry. If it achieves its goal of 100 million users in 100 countries, the company could become an important bridge between traditional finance and crypto, promoting the development of both fields in the next decade.


Conclusion: Will Revolut Dominate the Global Fintech Market?

Revolut's profit of 1.4 billion USD in 2024, thanks to the crypto trading boom via Revolut X, is a testament to the potential of fintech in the digital asset space. With plans for global expansion and an ambition of 100 million users, Revolut could lead the digital financial revolution. Will this company become the new 'giant' in the industry? Investors and users should keep a close watch to stay ahead of the trends.


Risk Warning: Investing in crypto carries high risks due to price volatility and legal uncertainties. Please consider carefully before participating.