The CEO, Mognetti highlighted an increased institutional adoption of crypto.
The latest
financial report from CoinShares International Limited, a major European
alternative asset manager specializing in digital assets, highlighted the
company's impressive performance in the second quarter of 2023. According to
the report published today (Tuesday), the company's revenue in Q2 2023 rose £5
million to £20.3 million when compared to the same quarter in 2022.
CoinShares' Financial and
Operational Highlights of Q2 2023
The
financial results of the quarter ending on 30 June 2023 show growth of 33% in
quarter-on-quarter (QoQ) performance and an adjusted EBITDA of £12.8 million.
This marks CoinShares' best quarter in over a year. The comprehensive income
for the quarter amounted to £5.3 million, which is a significant improvement from the
loss of £0.6 million recorded during the same period last year.
The Passive
Asset Management division was productive during this quarter, generating
£10.6 million in management fees. They amplified their outreach efforts in
Germany and Switzerland through targeted events, educating potential investors
about cryptocurrencies and Exchange-Traded Products (ETPs).
Source: CoinShares
In terms of
operations, CoinShares has seen considerable progress in its asset management
business line. The newly established team is currently preparing its first
strategy, gathering essential data for a launch planned for the year's end.
"Convergence
between traditional and digital finance is well underway. The Group's Q2
performance evidences our ability to take advantage of this convergence," Jean-Marie
Mognetti, the Chief Executive Officer of CoinShares, commented.
In addition,
the Capital Markets division reported gains and other income of £10 million
in Q2. Despite the fluctuation in BTC and ETH prices, its proprietary trading
strategies effectively balanced the decline in liquidity provisioning income.
"The Impending
Institutionalization of the Crypto Landscape"
As the CEO
of CoinShares suggested, such a significant improvement in results over the
year suggests that the cryptocurrency industry is becoming increasingly
institutionalized. Besides the retail traders who used to dominate, there are
more and more professional investors taking part to whom CoinShares can direct its
offer. CoinShares is primarily an ETPs issuer, allowing institutional investors
to join the cryptocurrency market as part of regulated financial instruments.
"Recent
events in the digital asset industry serve as validation of CoinShares' initial
thesis about the impending institutionalization of the crypto landscape and the
importance of regulation," Mognetti added.
Over the
past year, CoinShares made two significant investments. First, in March 2022,
it increased its investment in FlowBank by acquiring an additional 20.8% of
shares, increasing the total stake to 29.3%. Then, in July, it took over
Napoleon Asset Management after previous approval from the French regulator
AMF.
CoinShares
is the second-largest provider of cryptocurrency-based instruments after
Grayscale Investment, with one of the industry's highest assets under
management ratios, which stands at $1.8 billion.
The latest
financial report from CoinShares International Limited, a major European
alternative asset manager specializing in digital assets, highlighted the
company's impressive performance in the second quarter of 2023. According to
the report published today (Tuesday), the company's revenue in Q2 2023 rose £5
million to £20.3 million when compared to the same quarter in 2022.
CoinShares' Financial and
Operational Highlights of Q2 2023
The
financial results of the quarter ending on 30 June 2023 show growth of 33% in
quarter-on-quarter (QoQ) performance and an adjusted EBITDA of £12.8 million.
This marks CoinShares' best quarter in over a year. The comprehensive income
for the quarter amounted to £5.3 million, which is a significant improvement from the
loss of £0.6 million recorded during the same period last year.
The Passive
Asset Management division was productive during this quarter, generating
£10.6 million in management fees. They amplified their outreach efforts in
Germany and Switzerland through targeted events, educating potential investors
about cryptocurrencies and Exchange-Traded Products (ETPs).
Source: CoinShares
In terms of
operations, CoinShares has seen considerable progress in its asset management
business line. The newly established team is currently preparing its first
strategy, gathering essential data for a launch planned for the year's end.
"Convergence
between traditional and digital finance is well underway. The Group's Q2
performance evidences our ability to take advantage of this convergence," Jean-Marie
Mognetti, the Chief Executive Officer of CoinShares, commented.
In addition,
the Capital Markets division reported gains and other income of £10 million
in Q2. Despite the fluctuation in BTC and ETH prices, its proprietary trading
strategies effectively balanced the decline in liquidity provisioning income.
"The Impending
Institutionalization of the Crypto Landscape"
As the CEO
of CoinShares suggested, such a significant improvement in results over the
year suggests that the cryptocurrency industry is becoming increasingly
institutionalized. Besides the retail traders who used to dominate, there are
more and more professional investors taking part to whom CoinShares can direct its
offer. CoinShares is primarily an ETPs issuer, allowing institutional investors
to join the cryptocurrency market as part of regulated financial instruments.
"Recent
events in the digital asset industry serve as validation of CoinShares' initial
thesis about the impending institutionalization of the crypto landscape and the
importance of regulation," Mognetti added.
Over the
past year, CoinShares made two significant investments. First, in March 2022,
it increased its investment in FlowBank by acquiring an additional 20.8% of
shares, increasing the total stake to 29.3%. Then, in July, it took over
Napoleon Asset Management after previous approval from the French regulator
AMF.
CoinShares
is the second-largest provider of cryptocurrency-based instruments after
Grayscale Investment, with one of the industry's highest assets under
management ratios, which stands at $1.8 billion.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Kraken–Deutsche Börse Pact Targets Unified Trading Across Crypto, Stocks and Futures
Marketing in 2026 Audiences, Costs, and Smarter AI
Marketing in 2026 Audiences, Costs, and Smarter AI
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
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As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
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🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Educators, IBs, And Other Regional Growth Drivers
Educators, IBs, And Other Regional Growth Drivers
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
The Leap to Everything App: Are Brokers There Yet?
The Leap to Everything App: Are Brokers There Yet?
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Mind The Gap: Can Retail Investors Save the UK Stock Market?
Mind The Gap: Can Retail Investors Save the UK Stock Market?
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
