CoinShares achieved a net profit of 32.4 million USD in Q2, fueled by increasing cryptocurrency valuations. Even though there was a 5.3% decline from the last quarter, profits rose 1.9% year-over-year.
The company’s asset management fees reached 30 million USD, up from 28.3 million USD last year, while capital markets revenue decreased slightly to 11.3 million USD.
With assets under management expanding by 26% to 3.5 billion USD, the CEO confirmed preparations for a U.S. IPO, anticipating better market conditions and regulatory advantages.
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