Bitfinex Earned More Than $21 Million In The First Quarter Of 2020
Representatives of one of the largest cryptocurrency exchanges Bitfinex shared the company's financial success for the first quarter of this year. Bitfinex brought $21.43 million in the first three months of 2020.
This is much more than the company achieved in the IV quarter of 2019 ($10.91 million). Such rapid growth of revenue is connected with a significant increase in trading volumes on the cryptocurrency market since the bulk of Bitfinex incomes consist of trading operations fees.
Despite the financially successful quarter, Bitfinex has lost its leading position. Earlier we wrote that Bitfinex launched its own social network focused exclusively on crypto traders.