CoinShares Reports 50% Revenue Surge in Q4 2024, Boosted by Strong Market Demand

CoinShares, a leading European crypto investment firm, has reported a significant revenue surge of over 50% in the fourth quarter of 2024, reaching $60.8 million. This impressive growth marks one of the firm’s strongest quarters since its inception.

The company’s adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) rose by 37% to £33.6 million, indicating a substantial increase in profitability. According to CoinShares’ chief executive, Jean-Marie Mognetti, “Q4 2024 was arguably the most transformative quarter in digital asset history, marked by groundbreaking policy shifts.”

“With our infrastructure in place and market position stronger than ever, we are uniquely poised to seize this pivotal moment in digital assets.”

CoinShares’ revenue for the full year 2024 reached £126.8 million, representing a 66% increase from 2023. The company’s total comprehensive income more than doubled to £107.5 million. These impressive financial results are a testament to the firm’s growing presence in the cryptocurrency market.

Asset Management Division Sees Record Growth

CoinShares’ Asset Management division had its best quarter ever, with total assets on its physical platform growing 54% to $2.3 billion. The company’s Physical Bitcoin ETP (Exchange-Traded Product) became Europe’s largest, with overall assets under management rising 30% to $3.74 billion.

According to James Butterfill, CoinShares’ head of research, 2024 ended with a record $44.2 billion in inflows into digital asset products, almost four times higher than the prior record set in 2021.

Tips for Investors

For investors looking to tap into the growing cryptocurrency market, here are some tips to keep in mind:

  • Stay informed about market trends and policy shifts that can impact the industry.
  • Diversify your portfolio to minimize risk and maximize potential returns.
  • Consider investing in established companies with a strong track record, such as CoinShares.

Stay up-to-date with the latest news and trends in the cryptocurrency market by following Global Crypto News.

Post Views: 2