The Latest Crypto Stock To Hit The Market Just Reported A Record Monthly Income

This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.

Following 2021, CoinSmart Financial Inc. SMRT, has continued its run of form entering 2022.

As a Canadian-headquartered crypto-asset trading platform, the company was recently listed on the NEO Exchange under the ticker SMRT, becoming among the latest crypto stocks to hit the market.

As leaders like Marathon Digital Holdings Inc. MARA and Coinbase Global Inc. COIN suffer a drawback in market valuations, CoinSmart may provide investors with a cheaper alternative for a proxy bet on the cryptocurrency market. 

Bites by Numbers:

• Recorded a preliminary unaudited revenue in December 2021 of $2.15 million
• Recorded 460% increase in revenue compared to December 2020 driven primarily by increased trading volume 
• Record quarterly revenue of $5.9 million 
• Cash-flow positive with no debt 
• Strong balance sheet 

International Presence

According to the company, CoinSmart is one of the few crypto-asset trading platforms in Canada registered as a restricted dealer and one of two marketplaces with the Ontario Securities Commission and all jurisdictions across Canada. It’s also one of the first Canadian-headquartered trading platforms to have an international presence, accepting customers across 40 countries.

Given the company’s financials and adherence to regulations, management and the board of directors believe that the current market price of company shares does not adequately reflect its value, particularly when compared to other market contenders.

Click here to read more.

This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.