MultiBank Group Reports Strong Business Performance in Q3 2023

MultiBank Group, the world's leading financial derivatives broker, announced record business metrics for the third quarter of 2023.

According to the broker, thanks to the continued growth and expansion of the group's business, the quarter's total revenues amounted to $112,365,577, with a turnover of $3 trillion, contributing to the most successful quarter in the group's history.

In addition, the group reports the results of its audit for fiscal year 2022. Its annual financial statements show that the company earned $279.5 million in revenue in FY22, up 48% from $188.6 million in FY21.

Moreover, MultiBank Group's net income also hit a new high, growing 35% from $130 million in FY21 to $180 million in FY22.

Naser Taher, Founder of Chase Financial Group, said, "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."

He also mentioned the Group's recently acquired European branch, MEX Europe Ltd, and said that this branch's CySEC license reinforces the Group's commitment to regulation, compliance and safety of funds.