BitGo Returns to Profit on Crypto Gains as Revenue Halves
Judul dari The Defiant
Poin penting
- Cryptocurrency custodian BitGo returned to profitability driven by gains in crypto assets, even as its revenue decreased by half.
- While the platform experienced a 33.1% year-over-year growth in total clients, its revenue remaining after direct costs declined by 32.1%.
- The company's overall financial performance reflects strong asset gains offsetting reduced top-line revenues.
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