BitGo’s $71 million unrealized gain on its crypto holdings helped nearly double its net income, but revenue and earnings came in below preliminary analyst expectations.
BitGo Q3 profit nearly doubles on crypto gains as revenue falls 51%
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BitGo revenue falls 51% in Q3 as trading slows; net income rises on treasury gains
The revenue decline was driven by continued soft crypto trading environment and a higher mix of lower-margin stablecoin transactions.
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