Galaxy reports 54% decline in trading revenues in Q2 earnings

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 53%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Despite a 54% decline in trading revenues, Galaxy managed to reduce its losses to $46 million in the second quarter of 2022, compared to a loss of $554.7 million. The company ended the quarter with a strong liquidity position of $696 million.

$554.7 million in the second quarter of 2022. I"Galaxy's operating businesses performed well in the second quarter against a backdrop of continued uncertainty and regulatory pressure, as we continue to manage the Company to meet the evolving needs of our clients," Novogratz said.$33.

8 million in revenue during the quarter, which compared to the first quarter of this year was a 619% increase.© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 464. in AU

Australia Australia Latest News, Australia Australia Headlines