Justin Sun Group, which includes TRON, HTX, Poloniex, TUSD and other assets, reported strong financial results for the third quarter of 2023.
The group's actual income in the 3rd quarter was 202 million dollars, its expenses were 104 million dollars, and the quarterly profit was 98 million dollars. This represents an increase of 14%, demonstrating the effectiveness of the group's measures to increase revenues and reduce costs.
Although the industry had a difficult third quarter due to the high interest rates set by the FED, Justin Sun Group managed to maintain its revenue growth rate, according to Justin Sun's statement.
Looking forward, Justin Sun expressed his confidence in the future of the cryptocurrency market. “We believe that the harshest winter is behind us,” he said and added:
“In the context of the upcoming adoption of the Bitcoin ETF, we expect to see a spring recovery in Q4 this year and Q1 next year.”
It should be noted that these figures are operational indicators of the group's financial position and do not include investment-type gains and losses. However, share prices of investment-related companies such as Rexchip Coffee rose sharply this quarter, providing additional returns to the group.
*This is not investment advice.