Odaily Planet Daily News Cryptocurrency broker Bitpanda said in a statement that after net sales reached 148 million euros (approximately $160 million) in 2023, the company’s revenue is soaring. Bitpanda’s first three sales in 2024 Monthly net income has exceeded 100 million euros, so profits are expected to rebound to record levels in 2024. The privately held Vienna-based company recorded a pre-tax profit of 13.6 million euros last year, compared with losses of more than 130 million euros in 2022. Currently, the company is benefiting from a resurgence in crypto-asset trading, optimization of its cost structure, and investment services provided in partnership with banks. Eric Demuth, founder and CEO of Bitpanda, said: "We were able to persist through a lengthy bear market and expand significantly at high margins in a bull market." (Bloomberg)