
Revolut’s Profits Increase to $1.3B Amid User Growth and Crypto Trading Boom
Revolut’s profits doubled in the past fiscal year, and this growth has been linked to some changes in 2024.
The UK-based payments company will use the investments to further expand its operations and allow users to purchase and sell digital currency.
Revolut’s profits doubled in the past fiscal year, and this growth has been linked to some changes in 2024.
With this partnership, Changelly users can now buy Bitcoin, Ethereum, and other cryptocurrencies using Revolut Pay and bank cards, expanding their payment options.
Revolut breaks new ground as the first traditional finance institution to join Pyth Network as a data publisher, aiming to enhance DeFi market transparency through reliable crypto price feeds.
Revolut integrated Binance Chain (BNB), with CZ unaware of the listing. BNB’s price decline could lead to future growth.
Revolut plans to enhance fraud risk combat in crypto ecosystem via the Revolut Pay service that comes with enhanced checks.
Revolut X aims to become “the go-to financial app for crypto pros”, offering a seamless and robust trading experience with features like unlimited fee-free withdrawals and deposits, and advanced analytics.
Crypto-friendly bank Revolut is expanding its business offerings with the launch of new standalone trading app for wealth management investors.
According to the company, the stablecoin will be fully backed by short-term Treasury bills, overnight repos, and cash, ensuring it maintains stability even in turbulent market conditions.
Revolut, a leading fintech company based in the United Kingdom, has formed a strategic partnership with Ledger, a prominent provider of crypto-focused hardware wallets, to make digital asset purchases more accessible for users in select European countries.
The partnership between Cronos and Revolut is a major development in the area of cryptocurrency education.
Revolut has now entered a mobilisation phase after receiving approval for a banking license from the Bank of England.
This private equity sale by Revolut will help the company generate liquidity for early investors and employees.
The curriculum is tailored to address the currency state of BTC regulation and compliance and explore wealth management strategies specifically tailored for Bitcoin.
This newly developed exchange will allow customers to trade directly from it rather than using the Revolut app, thereby enjoying lower fees.
The MetaMask-backed card will allow users to spend their digital assets seamlessly anywhere that Mastercard services are accepted.