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0 0 0.000339838819302812 -0.00145645208272653 -0.00184483930478699 -0.00155354888824168 -0.001941936110302 -0.00956403534323734
Stock impact report

Crypto Trading Supercharged Digital Bank Revolut's Profit to Over 1B Pounds in 2024 [Yahoo! Finance]

Coinbase Global, Inc. - 3Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
The London-based fintech group's wealth revenue increased 298% from 127.1 million pounds to just over 500 million pounds in the full year 2024. Revolut's wealth business includes cryptocurrency, commodities, trading, and savings products. Revolut also surpassed 50 million customers for the first time in 2024, with many of them possibly keen to dip their toe into cryptocurrency trading as the market boomed. Bitcoin (BTC) increased in price by over 120% during the calendar year, which was bookended by the approval of spot bitcoin ETFs in the U.S. in January and the election victory of the pro-crypto President Trump in November. The fintech firm wasn't the sole benefactor of the crypto trading surge. Crypto exchange Coinbase (COIN) and popular trading platform Robinhood (HOOD) also said they saw a boost from crypto trading activities last year. Both firms are set to report their earnings in the next few weeks. Across the business at large, Revolut's revenue also increased 72% from Show less Read more
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