According to Odaily, European market maker Flow Traders has released its unaudited financial report for the second quarter of 2024. In Q2 2024, Flow Traders reported a net trading income of €79.5 million and total revenue of €76.2 million. The total operating expenses for the quarter amounted to €55.2 million, resulting in a net profit of €12.8 million. By the end of Q2 2024, Flow Traders had a trading capital of €624 million, achieving a 56% return on trading capital.

Flow Traders CEO Mike Kuehnel stated that the company will continue to collaborate within both the traditional finance (TradFi) and decentralized finance (DeFi) ecosystems. The firm is actively seeking new partnerships to support the adoption of digital assets. Previously, Flow Traders assisted the German government in selling BTC and confirmed its role as the lead market maker for 21Shares' Ethereum spot ETF.