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Revolut crypto revenue plunges, yet CEO storonsky still believes

2022/11/07 01:41

Revolut Ltd. still wants to invest in its cryptocurrency offering, despite this revenue stream almost vanishing during the recent price crash, according to the fintech’s founder.
“It used to contribute up to 30%, 35% of revenues in 2021,” Chief Executive Officer Nikolay Storonsky said in an interview with Bloomberg TV’s Guy Johnson and Alix Steel. He said it was now less than 5%, “which is quite sad from my point of view. I think crypto has a lot of potential for financial systems.”
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