DeFi Technologies Inc. announced its financial results for Quarter 1, 2024.
DeFi Technologies recorded its strongest quarterly results ever, with revenue of C $13.4 million and operating net profit of C $5.3 million in Quarter 1 2024.
During the quarter, subsidiaries ValorInc and Valor Digital Securities Limited (collectively "Valor") launched a variety of exchange-traded products ("ETPs"), as well as strategic acquisitions such as Reflexivity Research LLC.
Assets under management increased by 78.7 per cent to approximately C $908 million.
DeFi Technologies expects annualized operating income of about C $119 million (US $87.45 million) in 2024, and these acquisitions will take advantage of favorable conditions in the digital asset space.
DeFi Technologies' Q1 2024 revenue was $13.4 million and net profit was $5.3 million
2024-05-16 01:36:57
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