MultiBank Group Sees 26% Rise In Revenue For 2023 Financial Results
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MultiBank Group has announced its financial results for 2023, showing a 10% increase in its revenue to $306.6 million compared to the previous year. According to the announcement, the company registered $180 million as its net income, indicating a 26% increase from the previous year. MultiBank revealed that the recent financial success shows the firm’s ability to navigate the tough financial landscape and show its operational efficiency in the market.
MultiBank Manages More Than $12.1 Billion In Trading Volume
The company says it currently serves more than 1 million traders across 90 countries and manages $12.1 billion in trading volume. MultiBank is also serious about operating its services in a completely legal environment. The firm already has licenses from 15 financial regulators all over the world, as it continues to operate within the confines of the law.
Founder and Chairman of MultiBank Group, Naser Taher, commented on the recent financial result. He noted that the company’s unparalleled financial success is an indication of its commitment to remain resilient in the market. It’s also a testament to its strategic planning and its ability to “navigate the complexities of the global financial landscape.”
He added that the company will continue to grow its operations and set new benchmarks in the financial derivatives market. The goal is to continue delivering unmatched value to its stakeholders, maintaining its leadership position in the financial market. Naser says the company will continue to serve its customers as it looks to expand into other operations and markets in the future.
MultiBank Expands Its Product Range
MultiBank’s platform gives a ratio of 500:1 on several products, including digital assets, indices, commodities, shares, metals, and indices. It caters to a wide range of customers from different segments of the financial market.
MultiBank is also expanding its product range. In May, the company introduced MEX Exchange, an electronic communication network for institutional investors. The new platform is based in Dubai and will be expanding its services to over 20 offices worldwide. It offers several products, including commodities, precious metals, and spot forex.
MultiBank was formerly known as IKON before it was rebranded to its present name in 2016. The firm stated that it wants to challenge the dominance of Europe and the USA in the global ECN market using its Middle-East-based platform. The company has also received a license from the Cyprus Securities and Exchange Commission as it looks to take its brokerage services to greater heights in Europe.
