Express

Bitfinex’s Q1 Revenue Almost Doubled to $21.4 Million Despite Overall Decline in Volume

Yiran Dai

Summary: The Block reported Bitfinex generated revenue of $21.4 million in Q1 2020, a near 100% increase from the $10.91 million revenue of Q4 2019, but still shorter than that of Q3 2019, which was $26.15 million.

The Block reported Bitfinex generated revenue of $21.4 million in Q1 2020, a near 100% increase from the $10.91 million revenue of Q4 2019, but still shorter than that of Q3 2019, which was $26.15 million.

Bitfinex’s revenue has been decreasing compared with its performance in the past few years. Despite having the most liquid Bitcoin pair, the HK-based crypto exchange’s share of total legitimate volume has dropped by 8% since January 2019. 

By Yiran Dai

Last Update:

Tags: ,
Link: Bitfinex’s Q1 Revenue Almost Doubled to $21.4 Million Despite Overall Decline in Volume   [Copy]
  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 12 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 19 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 23 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 26 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... August 29, 2025
  • You need to login to comment.