DeFi
News Explorer — DeFi Technologies stock jumps 25% after reporting $14.1 million in profits from cryptocurrency trading
July 17, 7:51 p.m.
Decrypt
DeFi Technologies stock jumps 25% after reporting $14.1 million in profits from cryptocurrency trading
Canadian financial technology company DeFi Technologies (DEFTF) saw its stock price jump more than 25% this week after reporting strong earnings from its crypto trading desk. The company generated $14.1 million in low-risk arbitrage trades on its dedicated trading desk, contributing to its total revenue of approximately $105 million. DeFi Technologies’ success is attributed to its strategic trading operations and its asset management subsidiary, Valour, which offers crypto exchange-traded products in Europe.