SBI doubled crypto business profits in past fiscal year
Cointelegraph
Published Apr 28, 2021 09:24AM ET
Updated Apr 28, 2021 11:20AM ET
Japanese financial giant SBI Group more than doubled the total profit of its cryptocurrency business during the fiscal year that ended in March.
On Wednesday, SBI released a report on the company’s financial results, disclosing that its pre-tax crypto-powered profits during the past fiscal year amounted to 18.9 billion yen ($174 million). The amount is 10 billion yen ($92 million) higher than the total pre-tax total profit recorded over the previous fiscal year, SBI said.
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Written By: Cointelegraph
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