Odaily Frontline｜Galaxy Digital’s net income in the first three quarters of 2019 surged 133% year-on-year
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As of September, Galaxy Digital Asset Management managed a total of $336 million in assets.
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As of September, Galaxy Digital Asset Management managed a total of $336 million in assets.
This article comes fromThe Block, original author: Celia Wan
Odaily Translator |
, original author: Celia Wan
existOdaily Translator |Galaxy Digital, a cryptocurrency investment bank led by Mike Novogratz, achieved a net income of $58.4 million in the first three quarters of 2019, an increase of 133% over the same period last year.
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financial report
In the report, the company disclosed a net loss of $68.2 million in the third quarter, despite an overall profit in the first nine months of 2019. Over-the-counter (OTC), one of Galaxy Digital's three major businesses, was the main cause of the loss, which amounted to $43.3 million.
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