"Benefited from Bitcoin"...UK Revolut's Revenue Soars 72%

The revenue of UK fintech company Revolut surged more than 70% last year compared to the previous year. This is attributed to the increase in related transactions due to the boom in the virtual asset market last year.

Revolut announced through its '2024 Annual Report' on the 24th (local time) that last year's revenue was calculated at 3.1 billion pounds (approximately 5.9 trillion won). This is about a 72% increase from 1.8 billion pounds a year ago. During the same period, net profit jumped more than double from 438 million pounds to 1 billion pounds.

The asset management division drove the performance. As of last year, revenue from this division surged about fourfold to 506 million pounds compared to the previous year. Cointelegraph stated, "(Revolut's) asset management division is responsible for stock and virtual asset trading," and analyzed that "the performance of this division soared as virtual asset trading increased."

Revolut plans to expand its virtual asset trading services. Previously, Revolut launched a desktop-only virtual asset exchange 'Revolut X' last May. Revolut plans to introduce a mobile version of this service within the year.