RenrenBit released its financial report for the second quarter of 2020. According to the financial report, as of June 30 this year, RenrenBit user asset stock is 97,888,160.68 USDT, with total assets of 141,923,612.12 USDT; the total profit in the second quarter of 2020 is 777,790.62 USDT, net profit is 236,263.70 USDT after deducting the cost of token destruction. In the first half of 2020, RenrenBit realized a total profit of 2,079,696.41 USDT and a net profit of 1,533,573.60 USDT. RenrenBit said that due to the panic sentiment of the epidemic, the digital currency market has also been severely affected by the black swan impact of the global capital market. “The wait-and-see sentiment of the market is severe, and the digital currency lending market is relatively sluggish. This has affected our business to a certain extent. RenrenBit is still profitable in a sluggish market environment. After experiencing 312, RenrenBit immediately started to fully optimize the capital risk control model, optimize and upgrade the product, and released several major version updates, including the new version of lightning loan, and the foreign currency A new version of market-based interest rates under test.” RenrenBit also said that in the third quarter of this year, a series of major product updates for lending, asset management, and trading will be released intensively.