Finery Markets returns to profitability amid strategic growth initiatives

Finery Markets, a leading provider of institutional trading solutions for digital assets, has announced its return to profitability following a period of strategic growth investments. This milestone follows the company's successful acquisition of USD 5.5 million in seed funding in November 2022, which has driven its expansion efforts despite the bear market cycle.

The positive operating income highlights the sustainability of Finery Markets' business model, even amidst the volatile cycles of the crypto market. This financial achievement underscores the company's commitment to integrating best-in-class traditional finance practices into digital asset trading solutions, thereby facilitating seamless institutional access to the crypto market.

Achieving operational profitability after our investment cycle marks a pivotal moment for our company. By focusing on institutional SaaS trading, we demonstrate our long-term viability and financial stability, regardless of market conditions.  As a result, last year we experienced a 106% YoY increase in client turnover and a 75% growth in active clients, which enhances our strategic flexibility moving forward. We extend our deepest gratitude to our investors, clients, and partners for their support," said Konstantin Shulga, CEO of Finery Markets.

As digital asset adoption accelerates, Finery Markets is poised for continued growth, reinforcing its position as a leader in the industry.