CoinSmart reports record monthly revenue of $1.8M in October

CoinSmart reports record monthly revenue of $1.8M in October
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TORONTO – CoinSmart Financial Inc. (NEO: SMRT) (FSE: IIR), a leading Canadian headquartered crypto asset trading platform, today announced record preliminary unaudited monthly revenue in October 2021 of approximately $1.8 million. This represents a 24% increase compared to September 2021 and was primarily driven by increased trading volume.

October 2021 Highlights:

  • Record Monthly Revenue of $1.8MM
  • Record Assets Under Management (AUM) of $74MM
  • Cash Flow Positive
  • Approx $18MM in cash and cash equivalents and $3MM in crypto assets for a total of $21 million ($0.35 per share) as at November 29, 2021
  • No debt

CoinSmart CEO Justin Hartzman commented:

“October was a tremendous month for CoinSmart as we achieved record revenue, assets under management and company cash and crypto assets on our balance sheet. This bodes well for Q4 as our team continues to work feverishly to make crypto currency accessible to all.”

From time to time the company may report on any new records it achieves on key performance metrics.

CoinSmart is a leading Canadian-headquartered crypto asset trading platform dedicated to providing customers with an intuitive way for buying and selling digital assets, like Bitcoin and Ethereum. CoinSmart is one of the few crypto asset trading platforms in Canada to be registered as a securities dealer with the Ontario Securities Commission. CoinSmart is also one of the first Canadian headquartered trading platforms to have an international presence, accepting customers across 40+ countries at a time when the digital asset industry continues to rapidly expand.

 

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