British fintech company Revolut released its 2024 annual report, recording a record breaking pre tax profit of $1.4 billion, a year-on-year increase of 149%, mainly driven by a surge in cryptocurrency trading. In 2024, the total revenue increased by 72% to $4 billion, with the wealth sector (including cryptocurrencies, commodities, trading, and savings products) revenue growing by 298% to $647 million, benefiting from the launch of the independent cryptocurrency trading platform Revolut X in May and obtaining a UK banking license in July. The company plans to officially launch banking services in places such as the UK, Mexico, and India by 2025. (TheBlock) http://(wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=41423