
Kris | Crypto.com|Mar 19, 2025 05:46
http://Crypto.com generated 1.5b in revenue in 2024 and we currently have over 140m users on the platform. The business is run in a very efficient way, after salaries and other opex, we have about $1b in gross profit to reinvest in the growth of the platform. Of that, user acquisition, user incentives and branding cost us about $700m last year, leaving us with net profit of $300m from operations. As everyone else, we also benefited from appreciation of Bitcoin on our balance sheet, strengthening it to all-time-high levels.
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