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.
Cambodia Arrests Tycoon Tied to DOJ’s Record $15B Bitcoin Seizure, Extradites Him to China
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
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▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
