RATE Group | GMO Internet Reports Cryptocurrency Exchange Profit Rose Over 34% in Q3 2018
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GMO Internet Reports Cryptocurrency Exchange Profit Rose Over 34% in Q3 2018

13 Nov GMO Internet Reports Cryptocurrency Exchange Profit Rose Over 34% in Q3 2018

Posted at 03:52h in Cryptocurrency News by

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GMO Internet Reports Cryptocurrency Exchange Profit Rose Over 34% in Q3 2018

Finance

GMO Internet, the Japanese technology and online finance conglomerate, presented its results for the third quarter of fiscal 2018 on Nov. 12. The presentation included new details about the performance of the Tokyo-listed group’s cryptocurrency-related businesses.

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Record Performance by Quarter

The presentation covers the operations of GMO Internet in cryptocurrency mining, exchange and payments. The company reported total quarterly revenue of 2.61 billion yen ($22.93 million) in the third quarter. It noted that the positive results came “just a year since the launch despite the harsh external environment.”

On the cryptocurrency exchange side of the…

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