DeFi
DeFi company shares trade higher late in the day
This company is seeing action late in the day after announcing second quarter sales from its specialized arbitrage trading desk.
DeFi Technologies Inc. (OTC: DEFTF) is a fintech company pioneering the convergence of traditional capital markets with the world of decentralized finance. The company announced in a press release today that its new DeFi Alpha business line, a specialized arbitrage trading desk, generated an additional CA$59.2 million (US$43.4 million) from to low-risk arbitrage transactions. In its first few months alone, DeFi Alpha generated approximately CA$113.8 million (US$83.4 million).
DeFi Technologies already has an extensive business portfolio, including digital asset management, venture capital investments, research, and DeFi infrastructure support. The sole objective of DeFi Alpha is to identify low-risk arbitrage opportunities within the crypto ecosystem.
Olivier Roussy Newton, CEO of DeFi Technologies, said: “We are delighted with the instant success and significant contribution of the DeFi Alpha trading desk to our revenue. In the last two months alone, we have already reserved 113.8 million Canadian dollars (83.4 million US dollars). ) of our new DeFi Alpha business line By focusing on identifying and capitalizing on mispriced opportunities in the dynamic cryptocurrency market, we are confident that the DeFi Alpha trading desk will continue to provide low-cost opportunities. risk, benefiting both our company and our shareholders. “.
Shares were trading up more than 19 percent at the end of the trading day.
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