Despite the “harsh external environment”, GMO"s crypto business remains profitable

Despite the “harsh external environment”, GMO
The Japanese company GMO Internet published its financial indicators for the third quarter, in which it showed the profitability of its cryptocurrency businesses, despite the “harsh external conditions”. Reported by Cointelegraph.

GMO reports that the production of its own mining equipment and a cryptocurrency exchange for the third quarter brought 2.6 billion yen in profits ($ 22.8 million). GMO Coin, the company"s cryptocurrency platform, in October reached 208,000 users with a trading volume of 89 billion yen ($ 781 million), and quarterly profit rose by 34.4% compared with the previous quarter.

The mining segment of GMO also became profitable, but the numbers in the second and third quarters indicate a decrease in market act ...
Read more about "Despite the “harsh external environment”, GMO"s crypto business remains profitable" on coinatory.com

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