Goobit Reports November Profitability, Led by OTC Growth
Goobit Group AB ("Goobit" or "the Company") has achieved a preliminary positive EBIT of 4.5 MSEK and total revenue of 163.4 MSEK for the month of November 2024. This compares to a loss of 1,3 MSEK and total revenue of 9,1 MSEK in November 2023.
The Company’s OTC (https://bt.cx/en/otc/) service, through its platform BTCX, has been a key driver of this increase in sales and positive results, as well as one-time revenues linked to the strong price development of Bitcoin and other crypto-assets. Recognized for its cost-effectiveness and transparency, Goobit’s OTC offering has seen increased client interest. The Company maintains a clear fee structure, avoiding hidden "price spreads" to ensure transparency and build trust with its customers.
The sustainability of these results remains uncertain, with potential variability in either direction making future performance difficult to predict.
"We’re thrilled to see the impact of our efforts in building the most reliable and customer-focused OTC service on the market,” says Christian Ander, CEO of Goobit Group. “This result is a testament to our commitment to transparency, trust, and delivering the best value to our clients.”
For further information, please contact:
Christian Ander, CEO, Goobit Group AB
Email: ir@goobit.se
About Goobit Group | BTCX
Goobit Group AB (publ) operates in the financial sector. The company launched the world’s first still-active Bitcoin trading platform, BTCX, in 2012. Goobit is Sweden's leading Bitcoin company in financial services and education. The company offers exchange services from fiat currencies to Bitcoin and has so far exchanged over SEK 2.0 billion. Its most recognized brands include BTCX Express and Standard Bitcoin Exchange (BTCX).
In addition to exchange services, Goobit provides anti-money laundering (AML) services through AML Desk and compliance solutions for crypto-assets. Registered in 2013, Goobit Group AB (publ) operates as a group with wholly owned subsidiaries: Goobit AB, Goobit Blocktech AB, and Goobit Exchange AB. Goobit AB serves private individuals, corporate clients, and financial institutions. The group is headquartered in Gamla Stan, Stockholm, Sweden.
For more information, visit Goobit’s website: www.goobit.se