Proactive Investors - Run By Investors For Investors

ADVFN gets cryptocurrency boost as private investors shun equities

"Cryptocurrency information for the likes of Bitcoin and Ethereum is a new category of financial information"
A new financial information category for ADVFN

Cryptocurrencies have given a handy boost to financial information provider ADVFN PLC (LON:AFN).

“The timing of the [end-2017] Bitcoin bubble was fortunate as private investor interest in equities has been at an all-time low,” said Clem Chambers, chief executive.

“It is perverse but our business in equities flourishes best when the market crashes and our customers are hurt by corrections and slumps,” he added.

“Happily, we were able to sail past these equity doldrums powered by a compensating tailwind of Cryptocurrency information traffic.

"Cryptocurrency information for the likes of Bitcoin and Ethereum is a new category of financial information and one we are excited about," he added.

Revenues for the year to June rose by 12% to £9.2mln, while profits climbed to £442,000 (£214,000).



View full AFN profile View Profile

ADVFN Timeline

Related Articles

mobile marketing
February 01 2019
The merger is structured as an offer by Taptica that will see it owning 50.1% of the enlarged group and Rhythm One owning the remaining 49.9%
March 04 2019
At the Completion Contract business there have been lower volumes and the average budget per film has reduced
The healthcare-focused advisory group boasts good levels of forward bookings thanks to several new business wins at the beginning of 2019

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use