[BitGo revenue soars 80%！Custody giant still losing money 💸]
Crypto custody giant BitGo delivers its results: second-quarter revenue hits $4.3 billion, up 80% year over year 💰
Fan channel 📲：➕X先生粉丝免费策略群🔥🚀
However, even after adjustments, it still remains a net loss, and the trading business profit margin has fallen to 17 basis points—an all-time low for the stage 😮
During the earnings call, it revealed that adjusted EBITDA also turned negative; the trading business profit margin has dropped sharply from its prior peak 🧐
The big revenue surge mainly comes from expansion in custody and settlement services, as institutional capital continues to pour in—custody assets have climbed accordingly 🏦
With the fee-war raging this long, even big players can’t escape losses; the industry has reached a new level of over-crowding, making survival even harder for smaller players 📉
📌 BitGo revenue jumps 80% but it’s still losing money—crypto custody is getting more and more cutthroat 💸
🔥Come watch the livestream! 📲
Every day, the first thing we do is help you understand the crypto market’s hot topics, BTC trend, institutional capital flows, and global macro trends—so you can read the market in the simplest way and seize the next opportunity! 🚀
#美国7月CPI与PPI数据本周出炉 #Shein据报最早8月20日启动港股IPO认购 #ETH质押比例创34.4%纪录 #Hyperliquid寻求进入美国永续合约市场 #SEC向富兰克林邓普顿发不采取行动函
Crypto custody giant BitGo delivers its results: second-quarter revenue hits $4.3 billion, up 80% year over year 💰
Fan channel 📲：➕X先生粉丝免费策略群🔥🚀
However, even after adjustments, it still remains a net loss, and the trading business profit margin has fallen to 17 basis points—an all-time low for the stage 😮
During the earnings call, it revealed that adjusted EBITDA also turned negative; the trading business profit margin has dropped sharply from its prior peak 🧐
The big revenue surge mainly comes from expansion in custody and settlement services, as institutional capital continues to pour in—custody assets have climbed accordingly 🏦
With the fee-war raging this long, even big players can’t escape losses; the industry has reached a new level of over-crowding, making survival even harder for smaller players 📉
📌 BitGo revenue jumps 80% but it’s still losing money—crypto custody is getting more and more cutthroat 💸
🔥Come watch the livestream! 📲
Every day, the first thing we do is help you understand the crypto market’s hot topics, BTC trend, institutional capital flows, and global macro trends—so you can read the market in the simplest way and seize the next opportunity! 🚀
#美国7月CPI与PPI数据本周出炉 #Shein据报最早8月20日启动港股IPO认购 #ETH质押比例创34.4%纪录 #Hyperliquid寻求进入美国永续合约市场 #SEC向富兰克林邓普顿发不采取行动函