Galaxy Digital Posts $134M First-Quarter Profit on Strong Showing for Crypto Market

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

.galaxyhq reported net income of $134 million in Q1, returning to the black after four quarters of losses because of a strong showing across the crypto market since the start of the year. By JamieCrawleyCD

Cryptocurrency-focused financial services firm Galaxy Digital returned to the black in the first quarter for the first time since end-2021 as the crypto market rebounded.

The New York-based company reported $134 million in net income for the three months ended March, compared with net losses ofFollowing the turbulent 2022, brought to a head by the collapse of crypto exchange FTX in November, the cryptocurrency market has rebounded of this year.

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:

 /  🏆 291. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines