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BitGo Q3 profit nearly doubles on crypto gains as revenue falls 51%
BitGo’s $71 million unrealized gain on its crypto holdings helped nearly double its net income, but revenue and earnings came in below preliminary analyst expectations.
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First reported by Cointelegraph at · 2 outlets in all
- The DefiantBitGo Returns to Profit on Crypto Gains as Revenue HalvesPlatform clients rose 33.1% year over year, but revenue after direct costs fell 32.1%.
- CointelegraphBitGo Q3 profit nearly doubles on crypto gains as revenue falls 51%BitGo’s $71 million unrealized gain on its crypto holdings helped nearly double its net income, but revenue and earnings came in below preliminary analyst expectations.