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CoinShares Q2 Revenue Surges 110% to $28.5M Driven by FTX Claim Sale; Euro Stablecoin Market Booms Under MiCA

CoinShares, a digital asset manager, reported a significant 110% increase in Q2 2024 revenue, reaching $28
By: DeepNewz • August 07, 2024
CoinShares Q2 Revenue Surges 110% to $28.5M Driven by FTX Claim Sale; Euro Stablecoin Market Booms Under MiCA

CoinShares, a digital asset manager, reported a significant 110% increase in Q2 2024 revenue, reaching $28.5 million. The surge was primarily driven by a profitable sale of their FTX claim.

Despite a substantial $27.6 million write-down in FlowBank Holdings SA, CoinShares managed to achieve $33.7 million in EBITDA. The company's Bitcoin ETPs also contributed to the strong financial performance. Meanwhile, the Euro stablecoin market has surged under the MiCA framework.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.

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