News IG Group Reports Record Revenue in Q3, Bitcoin Trading...

IG Group Reports Record Revenue in Q3, Bitcoin Trading Adds 11%

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Online brokerage IG group has posted its results for the third quarter of fiscal 2018 that ended on the 28th of February. The company is marking a record quarter as cryptocurrency trading contributed to a sharp increase in revenues by 30 percent to £152.9 million. The figure was also higher by 13 percent when compared to the previous quarter.

Cryptocurrency trading contributed 11 percent to the overall revenue of the company. As the price of Bitcoin rallied through the 10,000 and the 20,000 marks, the firm’s clients have become very active in the market. As a reminder, at one point IG Group was one of the biggest holders of BTC futures contracts in order to offset the exposure to client positions.

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