Monex Group Generates Record Revenues in March 2018

Japanese financial services firm Monex Group has reported its monthly consolidated financial results for the month ending March 2018, which showed an upbeat performance on both yearly and monthly terms in what has been its best month in several years, according to figures released by the company.

The Japanese broker’s revenues grow now for the fourth month in a row. Delving into March metrics, the group managed to secure a fresh rebound, reporting an operating revenue of $57.2 million, up 37 percent month-over-month from $41.9 million in February 2018.

Over a yearly timeframe, the latest figures showed a less upbeat picture, increasing by 32.0 percent year-over-year from $43.3 million back in March 2017.

Financial expenses also registered an increase during the month ending March 2018, coming in at $3.8 million. This corresponded to a jump of 32 percent from $2.9 million in February 2018. Year-over-year, Monex did see an increase of this figure by 6 percent when weighed against $3.6 million in March 2017.

Moving to Monex’s operating revenue after deducting financial expenses, the company reported the figure at $53.4 million in March 2018, a gain of 37 percent month-over-month from $39 million in February 2018. When measured against its 2017 equivalent, Monex’s net operating revenue was also higher by a factor of 34.0 percent year-over-year from $39.9 million in March 2017.

Earlier today, Monex revealed that the firm is planning to develop a proprietary blockchain and considering the feasibility of a fundraising round via Initial Coin Offering (ICO) Initial Coin Offering (ICO) An Initial Coin Offering (ICO) is a kind of crypto token sale that is used as a method of fundraising, similar to an Initial Public Offering (IPO), in which stocks are sold to raise money for a company.In order to launch an ICO, a company simply needs to create a website, issue a token, and set a time and date for the sale. Investors buy ICO tokens in exchange for another cryptocurrency, like Bitcoin or Ethereum; after a set amount of time, they receive the tokens they purchased in the sale.Acco An Initial Coin Offering (ICO) is a kind of crypto token sale that is used as a method of fundraising, similar to an Initial Public Offering (IPO), in which stocks are sold to raise money for a company.In order to launch an ICO, a company simply needs to create a website, issue a token, and set a time and date for the sale. Investors buy ICO tokens in exchange for another cryptocurrency, like Bitcoin or Ethereum; after a set amount of time, they receive the tokens they purchased in the sale.Acco Read this Term).

In addition to its future prospects, Monex Group, which recently acquired the Japanese cryptocurrency Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Coincheck, has disclosed the exchange’s financials for the first time after it endured a massive theft earlier this year.