Bitcoin Treasury Firm DeFi Technologies Rockets 25% After Major Q3 Profits - Decrypt
decrypt.co
Canadian fintech firm DeFi Technologies (DEFTF) stock surged over 25% this week after the company’s crypto trading desk kickstarted July with another round of immense profits. “The company has already generated approximately $105 million in revenue with about $10 million in annual costs with Q2 reve
1 Users
0 Comments
7 Highlights
0 Notes
Top Highlights
- Canadian fintech firm DeFi Technologies (DEFTF) stock surged over 25% this week after the company’s crypto trading desk kickstarted July with another round of immense profits.
- “The company has already generated approximately $105 million in revenue with about $10 million in annual costs with Q2 revenues yet to be announced,” Curtis Schlaufman, VP of communications at DeFi Technologies, told Decrypt.
- Clemente’s market research business, Reflexivity Research, was acquired by DeFi Technologies in January.
- While DeFi Alpha has driven the bulk of DeFi Technology’s gains this year, Schlaufman said that their “core business” is still centered around Valour, its asset management subsidiary that provides dozens of crypto exchange-traded products (ETPs) in Europe.
- Thanks to more lax regulations in the region, Valour offers ETPs for dozens of crypto assets that are foreign to North American markets, including Solana (SOL), Cardano (ADA), and more recently Near (NEAR).
Domain
Ready to highlight and find good content?
Glasp is a social web highlighter that people can highlight and organize quotes and thoughts from the web, and access other like-minded people’s learning.