Japan’s GMO Internet Group earned 255 million yen (around $2.3 million) from its crypto-related businesses in the second quarter of its fiscal 2018 as crypto-related net revenue surged to 2.6 billion (around $23.5 million).
In the previous three months, the internet services giant booked revenues of 630 million yen from its crypto activities and reported a net loss of 730 million in this segment, as per the quarterly report. In the comparable 2017 quarter, GMO’s crypto business generated revenues of 960 million yen and net profits of 530 million yen.
The GMOCoin cryptocurrency exchange brought i...
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