Digital Money bank Q1 deposits exceed 100 million USDT, net profit surges 2 times year-on-year.

robot
Abstract generation in progress

The Digital Money bank platform recently announced its financial report for the first quarter. The data shows that as of March 31, the total user deposits on the platform reached 106 million USDT. In the first quarter of 2023, the platform achieved operating revenue of 1.9742 million USDT and a net profit of 1.2973 million USD.

Compared to the overall performance of last year, this platform has achieved significant growth in just three months. In 2019, the platform's revenue was 2.31 million USDT, with a net profit of 610,000 USDT. The net profit for the first quarter of this year is already 2.12 times that of last year's total, demonstrating a strong growth momentum.

It is worth noting that the platform conducted a buyback and burn operation for its platform coin on April 10. This action is aimed at regulating the token circulation and may have a positive impact on the token's value. The platform has publicly displayed detailed records of this burn on its official website to ensure transparency.

This financial report reflects the rapid development of digital money banking services in recent times and demonstrates the competitiveness of the platform in the market. As the cryptocurrency market continues to mature, similar digital money banking services may attract more attention from users and investors.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
DYORMastervip
· 07-23 23:28
The performance is so good, why not go public?
View OriginalReply0
Web3ExplorerLinvip
· 07-22 10:02
hypothesis: stablecoins are the new gold standard fr...
Reply0
ChainChefvip
· 07-22 02:47
looks like this crypto bank is cookin up some tasty profits... market appetite is definitely simmering rn
Reply0
MetaverseLandlordvip
· 07-22 02:43
It's impossible to work for a living, relying on coin to sustain coin.
View OriginalReply0
MidnightSellervip
· 07-22 02:36
market maker has returned
View OriginalReply0
FlatlineTradervip
· 07-22 02:28
It's better to invest in ETH than to hold USDT.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)