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Revolut doubles its losses despite profiting from the cryptocurrency boom

NEWSDOS by NEWSDOS
June 21, 2021
Reading Time: 4 mins read
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Revolut doubles its losses despite profiting from the cryptocurrency boom

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Revolut banking app saw almost twice as many losses in 2020, despite benefiting from the cryptocurrency boom as it expanded rapidly around the world and staff costs rose.

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The fintech firm, chaired by former Standard Life Aberdeen boss Martin Gilbert, said it made £ 39 million in profit on its cryptocurrency investments last year.

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