RenrenBit publishes first-quarter financial report, single-quarter profitability is twice that of last year

RenrenBit, a digital currency bank founded by Zhao Dong, released its first quarter 2020 financial report (unaudited). According to the financial report, as of March 31, RenrenBit’s revenue in the first quarter of this year was 1.97 million USDT, net profit was 1.3 million USDT, and the user’s asset stock was equivalent to 106 million USDT. In contrast, last year’s full-year revenue was 2.31 million USDT, and net profit was 610,000 USDT. RenrenBit’s single-quarter net profit exceeded double last year’s net profit. Ziren Cen, Chief Marketing Officer of RenrenBit said, “In the first quarter of 2020, stimulated by the expectation of halving the bull market, the demand for digital currency pledge lending was strong, and RenrenBit ’s lightning loan business scale has experienced explosive growth, mainly due to miners and arbitrage transactions. demand.”