Swyftx Posts $50.5m Profit as Crypto Trading Surge Fuels Revenue Growth
Brisbane-based cryptocurrency exchange Swyftx has reported a financial rebound, recording a full-year after-tax profit of AUD50.5 million as trading activity accelerated amid renewed market confidence.
The result marks an AUD18 million jump on the previous year, with revenue rising from AUD85.7 million to AUD130.2 million for the 12 months to June 30.
Founded in 2018 by Alex Harper and Angus Goldman, Swyftx has grown to become Australia’s second-largest crypto exchange, supported by a substantial portfolio of high-profile sports sponsorships across Super Rugby, the AFL, the BBL, and the NRL.
Swyftx Positions Sports Partnerships as a Key Brand and Customer Acquisition Strategy
Chief executive, Jason Titman, said…
