European digital asset manager CoinSharesCo saw its preliminary earnings slide in Q1 compared to a year ago, owing to the relatively depressed state of the broader crypto market. By JamieCrawleyCD
Digital asset manager CoinShares recorded preliminary adjusted earnings before interest, taxes, depreciation and amortization of £18.7 million in Q1, a decrease of 45% compared to the equivalent figure a year ago.
Comprehensive income, a profit measure that includes the change in the value of its digital assets, also declined from £34.2 million in Q1 2021 to £18.7 million this year, theAssets under management of CoinShares' exchange-traded products stood at £3.07 billion as of March 31 2022, compared to £3.4 billion a year earlier.
The relative slump can be attributed to the conditions of the broader crypto market. In Q1 2021, the market was in the midst of a bull run which saw bitcoin surge to a then all time high of just under $60,000. This year however the market has beenDuring Q1, CoinShares took"important steps" to up list on Nasdaq Stockholm Main Market, the firm said.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Apple was not one of the top tablet vendors to show growth in Q1The global tablet market was yet again dominated by Apple during Q1 2022, but not in terms of year-over-year sales growth.
Les mer »
Pfizer beats Q1 estimates as COVID vaccine and antiviral boost revenuePfizer Inc. undefined posted better-than-expected first-quarter earnings on Tuesday, boosted by sales of its COVID-19 vaccine and antiviral Paxlovid. The...
Les mer »
Warner Bros. Discovery Q1 Reaction: Zaslav Attempts to Seize the MomentNew VIP+ Analysis: It’s still messy at the newly merged company, but the boss set the tone for a confident contender in the streaming wars.
Les mer »
ETH Network Q1 Revenue Grew 46% to $2.4 Billion, Token Inflation Rate Drops to 0.51% – Markets and Prices Bitcoin NewsThe ETH network’s inflation rate — a metric that measures the net change in the supply of ethereum tokens — has consequently dropped from 1.10% to 0.51%. tokenburn eth inflationrate
Les mer »
Robinhood Trading App Is 'Unraveling' for 'Disgusting' Activities, Says Charlie MungerRobinhood declared that its cryptocurrency business had achieved tremendous progress in Q1, 2022
Les mer »