MultiBank
Group has announced a record-breaking third quarter in 2023. With a remarkable
revenue of US$ 112,365,577 and an astonishing trading turnover of US$ 3
trillion during this period, MultiBank Group has achieved its most successful
quarter in the company’s history.
Record-Breaking Year: MultiBank’s
Financial Performance in 2022
MultiBank
Group has also disclosed its audited full-year 2022 financial results, which
reveal remarkable achievements. The annual financial statement unveils a
staggering 48% surge in revenue, surging from US$ 188,636,721 in 2021 to an
impressive US$ 279,523,140 in 2022.
Furthermore,
MultiBank Group reports a substantial 35% increase in net income, rising from
US$ 132,937,545 in 2021 to a remarkable US$ 180,013,709 in 2022. It marks
another extraordinary year for the company.
Founder
and Chairman of MultiBank
Group, Naser Taher, expressed his satisfaction with these results, stating:
“Our financial results broke new records once again this year, highlighting
solid growth, with achievements that are in line with our long-term strategy.”
“In
2023, we launched our latest cutting-edge technology, the MultiBank.io
multi-asset platform and financial ecosystem, which combines traditional
finance with the latest advanced technologies including blockchain, AI, and
machine learning – empowering millions of market participants worldwide and
shaping the future of finance.”
“In
addition, we also recently obtained a license for our new European subsidiary,
MEX Europe Ltd, from the Cyprus
Securities and Exchange Commission (CySEC). This European license
reinforces our unwavering commitment to regulations, compliance, and fund
security, joining our esteemed group of financial institutions which maintain
an unblemished record with over 14 regulators worldwide.”
Big News! MultiBank Group hits new heights! 🚀Breaking all previous records, Q3 2023 was an outstanding quarter, with a trading turnover of $3 trillion. Read the full article!#MultiBankGroup
— MultiBank Group (@multibankgroup) October 6, 2023
Global Regulatory Reach:
MultiBank’s Jurisdictions
Finance Magnates reported in July
that MultiBank
Group had obtained a license from the Cyprus Securities and Exchange Commission
(CySEC) for its derivatives brokerage expansion in Europe. This license was
granted to its Cypriot subsidiary, MEX Europe. MultiBank is regulated in
various jurisdictions, including Germany, Australia, New Zealand, the UAE, and
Singapore.
The
company has ambitious plans for 2023. The plans include going public and
launching projects such as an inter-bank ECN trading
platform, a regulated digital assets exchange in Australia, an enhanced social
trading application, and a global digital payments processor designed to bridge
traditional and emerging forms of finance. MultiBank relocated its headquarters
from Hong Kong to Dubai in 2022 as part of
its business consolidation efforts in the UAE.
MultiBank
Group has announced a record-breaking third quarter in 2023. With a remarkable
revenue of US$ 112,365,577 and an astonishing trading turnover of US$ 3
trillion during this period, MultiBank Group has achieved its most successful
quarter in the company’s history.
Record-Breaking Year: MultiBank’s
Financial Performance in 2022
MultiBank
Group has also disclosed its audited full-year 2022 financial results, which
reveal remarkable achievements. The annual financial statement unveils a
staggering 48% surge in revenue, surging from US$ 188,636,721 in 2021 to an
impressive US$ 279,523,140 in 2022.
Furthermore,
MultiBank Group reports a substantial 35% increase in net income, rising from
US$ 132,937,545 in 2021 to a remarkable US$ 180,013,709 in 2022. It marks
another extraordinary year for the company.
Founder
and Chairman of MultiBank
Group, Naser Taher, expressed his satisfaction with these results, stating:
“Our financial results broke new records once again this year, highlighting
solid growth, with achievements that are in line with our long-term strategy.”
“In
2023, we launched our latest cutting-edge technology, the MultiBank.io
multi-asset platform and financial ecosystem, which combines traditional
finance with the latest advanced technologies including blockchain, AI, and
machine learning – empowering millions of market participants worldwide and
shaping the future of finance.”
“In
addition, we also recently obtained a license for our new European subsidiary,
MEX Europe Ltd, from the Cyprus
Securities and Exchange Commission (CySEC). This European license
reinforces our unwavering commitment to regulations, compliance, and fund
security, joining our esteemed group of financial institutions which maintain
an unblemished record with over 14 regulators worldwide.”
Big News! MultiBank Group hits new heights! 🚀Breaking all previous records, Q3 2023 was an outstanding quarter, with a trading turnover of $3 trillion. Read the full article!#MultiBankGroup
— MultiBank Group (@multibankgroup) October 6, 2023
Global Regulatory Reach:
MultiBank’s Jurisdictions
Finance Magnates reported in July
that MultiBank
Group had obtained a license from the Cyprus Securities and Exchange Commission
(CySEC) for its derivatives brokerage expansion in Europe. This license was
granted to its Cypriot subsidiary, MEX Europe. MultiBank is regulated in
various jurisdictions, including Germany, Australia, New Zealand, the UAE, and
Singapore.
The
company has ambitious plans for 2023. The plans include going public and
launching projects such as an inter-bank ECN trading
platform, a regulated digital assets exchange in Australia, an enhanced social
trading application, and a global digital payments processor designed to bridge
traditional and emerging forms of finance. MultiBank relocated its headquarters
from Hong Kong to Dubai in 2022 as part of
its business consolidation efforts in the UAE.
