GMO Coin’s first-quarter operating profit was 560 million yen, an increase of 210.8% sequentially

GMO Financial Holdings, a subsidiary of the Japanese Internet giant GMO Group, released its financial report for the first quarter of 2020. In the cryptocurrency business (ie GMO Coin performance), operating income was 1.19 billion yen, an increase of 50.1% from the previous quarter (790 million yen); operating profit was 560 million yen, compared to the previous quarter (180 million yen) ) An increase of 210.8%. GMO Financial Holdings owns the licensed cryptocurrency exchange GMO Coin.