Jul 17, 7:51 pm
Decrypt
DeFi Technologies Stock Surged 25% After Announcing $14.1 Million in Profits From Crypto Trading
Canadian fintech firm DeFi Technologies (DEFTF) saw a surge in stock price of over 25% this week after announcing significant profits from its crypto trading desk. The company generated $14.1 million in low-risk arbitrage trades at its specialized 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.
