CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
crypto.news 2025-02-18 07:28:21

CoinShares revenue up 53% in Q4 amid ‘strongest quarter to date’

European crypto investment firm CoinShares has reported more than a 50% revenue surge in Q4 2024, reaching $60.8 million. CoinShares ended 2024 with a big jump in revenue, reporting £48.3 million (around $60.8 million) in Q4, up 53% from the same period last year. In a Feb. 18 press release , the firm said its adjusted EBITDA hit £33.6 million, marking a 37% jump. CoinShares chief executive Jean-Marie Mognetti, addressing the firm’s financial results, called it “one of CoinShares’ strongest quarters since inception” as the political landscape changed considerably. “Q4 2024 was arguably the most transformative quarter in digital asset history, marked by groundbreaking policy shifts. With our infrastructure in place and market position stronger than ever, we are uniquely poised to seize this pivotal moment in digital assets.” Jean-Marie Mognetti You might also like: CoinShares: Trump tariffs and DeepSeek shake up ETF inflows For the full year, revenue reached £126.8 million, representing a 66% increase from 2023. Total comprehensive income for 2024 more than doubled to £107.5 million, the press release reads. CoinShares’ Asset Management division had its best quarter ever as the total assets on its physical platform grew 54% to $2.3 billion. On top of that, CoinShares claims that its Physical Bitcoin ETP became Europe’s largest as its overall assets under management rose 30% to $3.74 billion. Earlier in January, CoinShares head of research James Butterfill pointed out that 2024 ended with a record $44.2 billion in inflows into digital asset products, which is almost four times higher than the “prior record set in 2021 which saw $10.5 billion inflows.” Read more: Mexican billionaire Ricardo Salinas blasts European cryptocurrency outlook, compares Europe to a zoo

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.