Cryptocurrency exchange operator INX financial report: Net loss of $26 million in 2022

2023-04-01 15:58:24

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ChainCatcher news, the cryptocurrency exchange operator INX (The INX Digital Company) announced its financial results for the fourth quarter and the full year of 2022, holding $20 million in cash and cash equivalents, plus $9.7 million invested in short-term and medium-term U.S. Treasury securities and investment-grade corporate bonds; operating funds amount to $26 million.

Additionally, INX's revenue for 2022 was $4.3 million, an increase of 77% quarter-over-quarter, primarily from trading fees, with an operating net loss of $16 million. (Source link)

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