Revolut’s latest milestone has set the fintech and crypto world buzzing. The UK-based digital bank has officially crossed a staggering $75 billion valuation, putting it among the most valuable fintech companies globally. And at the heart of this success? Its rapid push into crypto.
The company hit this record valuation after a secondary share sale, marking a 66% jump from its $45 billion valuation just last summer. According to Bloomberg, the deal allowed long-serving employees to cash out up to 20% of their holdings at $1,381 per share pushing Revolut ahead of financial giant Barclays in terms of valuation.
Crypto at the Core of Revolut’s Growth
Revolut’s climb isn’t just about banking, it’s heavily fueled by crypto. The company’s 2024 annual report revealed that revenues from its wealth division, which includes crypto and trading products, soared by 300%. Growth was driven by increased crypto trading activity as observed throughout the industry and the launch of the Revolut X crypto exchange, the company said.
The launch of Revolut X marked a major shift. Instead of simply acting as a broker, Revolut has begun building deeper infrastructure for digital assets. This move helped overall pretax profits surge 149% to around $1.5 billion, thanks to booming retail crypto activity, higher interest income, and card fees.
While Revolut still sits behind Robinhood’s $91 billion and Coinbase’s $78 billion market caps, the gap is narrowing fast.
Why This Matters for Crypto
For the broader crypto industry, Revolut’s rise is symbolic. The platform now serves 52.5 million retail users, up from 38 million in 2023, with 15% of revenue coming from business clients. Millions of these users got their very first taste of crypto through Revolut’s trading arm proof that digital assets have moved far beyond niche adoption.
Adding to its momentum, the UK granted Revolut a banking license in 2024, ending years of regulatory uncertainty. That means crypto is no longer just an add-on service; it’s becoming a core part of a regulated bank with a valuation bigger than many legacy lenders.
CEO Nik Storonsky has also hinted at a possible New York listing, which would embed crypto revenues directly into a major public fintech stock something Wall Street won’t be able to ignore.
Market Check
Crypto markets are moving in tandem with these shifts. Bitcoin is currently up 0.9%, trading around $110,546, while Ethereum has slipped 1.5% to $4,404.
