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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

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Link: Bitfinex’s Q1 Revenue Almost Doubled to $21.4 Million Despite Overall Decline in Volume   [Copy]
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