BitGo Q3 profit nearly doubles on crypto gains as revenue falls 51%
Summary
BitGo posted a nearly doubled net income during the third quarter, driven by significant gains on its cryptocurrency holdings. Despite this profit growth, the company experienced a sharp decline in revenue that fell short of preliminary analyst projections.
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.
Source: Read the full story at Cointelegraph.com News
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