Galaxy reports 54% decline in trading revenues in Q2 earnings

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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.

 

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