Swyftx emerges from crypto’s dark days to post $50m profit
Brisbane-based crypto exchange Swyftx has lifted its full-year profit by $18 million as investors flocked to buy and sell cryptocurrencies through its platform.
A boom in cryptocurrency trading helped lift Swyftx’s revenue from $85.7 million to $130.2 million for the year ended June 30. Its after-tax profit jumped from $32.5 million to $50.5 million, documents lodged with the corporate regulator showed.
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