Swedish crypto exchange Safello is increasing its turnover by 25% from the third quarter of last year to the third quarter of this year, to 143.2 million SEK. Safello thus passes a turnover so far in 2023 of over half a billion Swedish kronor.
- For the third quarter of the year, Safello reports a stable revenue growth of 25% and an increase in gross profit of 27%. Safello has invested resources in the implementation of regulations and launched the feature for recurring purchases and monthly pairs in cryptocurrencies on the platform. We stand ready to meet an increasing demand for crypto investments and are positioning ourselves for expansion into more markets in 2025,” said Emelie Moritz, CEO of Safello.
At the same time, quarterly figures show that Safello now has a lower growth rate than before in 2024. In the first quarter, net sales increased by 40% to SEK 193.1 million. In the second quarter, net sales grew 39 per cent to SEK 189.5. While the figures for the third quarter thus show a growth of 25% to SEK 142.3 million. This is probably due to the fact that the crypto market began to recover again beforeautumn, that the first half of this year had both record prices for Bitcoin and increased interest from institutional investors. As you know, after the end of the quarter and the post-election in the United States, the Bitcoin rate has once again skyrocketed.
These are the main figures for the third quarter:
These are the main figures after nine months:
Safello now has 384,000 users.
Swedish crypto exchange Safello is increasing its turnover by 25% from the third quarter of last year to the third quarter of this year, to 143.2 million SEK. Safello thus passes a turnover so far in 2023 of over half a billion Swedish kronor.
- For the third quarter of the year, Safello reports a stable revenue growth of 25% and an increase in gross profit of 27%. Safello has invested resources in the implementation of regulations and launched the feature for recurring purchases and monthly pairs in cryptocurrencies on the platform. We stand ready to meet an increasing demand for crypto investments and are positioning ourselves for expansion into more markets in 2025,” said Emelie Moritz, CEO of Safello.
At the same time, quarterly figures show that Safello now has a lower growth rate than before in 2024. In the first quarter, net sales increased by 40% to SEK 193.1 million. In the second quarter, net sales grew 39 per cent to SEK 189.5. While the figures for the third quarter thus show a growth of 25% to SEK 142.3 million. This is probably due to the fact that the crypto market began to recover again beforeautumn, that the first half of this year had both record prices for Bitcoin and increased interest from institutional investors. As you know, after the end of the quarter and the post-election in the United States, the Bitcoin rate has once again skyrocketed.
These are the main figures for the third quarter:
These are the main figures after nine months:
Safello now has 384,000 users.
