Flow Traders announces Q2 financial report: Trading capital is 624 million euros, net trading income is 79.5 million euros
European market maker Flow Traders has released its unaudited financial report for the second quarter of 2024. In the second quarter of 2024, Flow Traders' net trading income was 79.5 million euros, total revenue was 76.2 million euros; total operating expenses were 55.2 million euros; net profit was 12.8 million euros. As of the end of the second quarter in 2024, Flow Traders' trading capital stood at €624 million and generated a return on trading capital rate of 56%. Mike Kuehnel, CEO of Flow Traders stated that they will continue to collaborate within TradFi and DeFi ecosystems and actively seek new partnership relationships to support digital asset adoption. Previously, it was reported that Flow Traders had assisted the German government in selling BTC; recently, Flow Traders also confirmed that it is the main market maker for 21 Shares Ethereum spot ETF.
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