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via Cointelegraph · By Cointelegraph Staff
BitGo Posts $3.8B Revenue, $60.7M Loss amid Bitcoin Decline and IPO Costs in Q1
BTC
BTC/USDT
$63,127.45
+0.08%
$63,127.45
+0.08%
(24s)24h Volume
$2,872,865,049.85
24h H/L
$63,390.00 / $62,968.45
Change: $421.55 (0.67%)
Long/Short
68.8%
Long: 68.8%Short: 31.2%
Funding Rate
+0.0037%
Longs pay
Data provided by COINOTAG DATALive data
CS
Cointelegraph Staff(09:15 AM UTC)
1 min read
Digital asset infrastructure company BitGo reported a wider first-quarter net loss as Bitcoin treasury mark-to-market losses and IPO-related expenses outweighed stronger client growth and a year-over-year jump in revenue.
Revenue for the quarter ended March 31 was $3.8 billion, up from $1.8 billion a year earlier, driven by higher digital asset trading activity and growing contributions from its…
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