Tickmill Group Releases 2018 Financial Records
The Tickmill Group, a blockchain and cryptocurrency brokerage have released their 2018 financial records and results publically. Their financial records indicate significant growth for all products offered by Tickmill.
- Total Net Profit: 33% Increase, Up to $19.67 Million.
- Trading Revenue: Up by 16% with annual trading revenue listed at $45 Million.
- Yearly Trading Volume: In total, the Tickmill Group saw a $136 Billion in annual trading volumes, an 84% increase in comparison to 2017.
Tickmill has been unaffected by the new product measures implemented by the European Securities and Markets Authority. This firm saw the highest trading volumes of the year back in October & November when the company traded at an average of $120 to $136 Billion being traded amongst clients. In total, for 2018, the firm saw more than 84 million trades made between clients.
The Start of 2019
Building upon their actual performance in 2019, the first quarter for 2019 has seen the group receive a higher number of new client registration. This means their growth is thriving again in the New Year, even with the low market volatility that every other brokerage in the European Union is experiencing. Already in the first quarter of this year, the Net Trading Profit for Tickmill stands at $12.94, which is an 8.8% increase in comparison to the first quarter in 2018.
Additionally, Tickmill has full intentions to release its services worldwide with the company looking to open up shop in South America, South-East Asia, the GCC Region, Africa and the MENA Region.
Tickmill Publically Opens Up
The Tickmill Group CFO, IllimarMattus, commented on the company’s results by saying: “In 2018, our group was agile enough to further strengthen its financial performance despite the wave of restrictive regulatory measures that were introduced. We will continue to tap into our deep industry expertise and core values of integrity, transparency and professionalism to drive the long-term profitability of our business.”
Ingmar Mattus, the brother of Illimar and the COO of the Tickmill Group, also commented: “We remain on track for achieving our strategic objectives aiming to become a stronger, more agile and competitive organisation capable of delivering sophisticated products and high-quality service to our global client base. Having broken new records of financial performance in 2018, we are certain 2019 will see us continuing to expand our market share and reinforce our position as one of the fastest-growing financial services providers in the world.” concluded Duncan Anderson, CEO of Tickmill UK Ltd.”