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BitGo Returns to Profit on Crypto Gains as Revenue Halves

By The Defiant Team

Platform clients rose 33.1% year over year, but revenue after direct costs fell 32.1%.

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Revenue

The total money a company earns from selling goods or services before any costs are subtracted.

Revenue growth shows demand for a company's products; profit shows whether it earns money from them.

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Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

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