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CoinShares Q4 Profit More Than Doubled
Assets under management at the now Nasdaq-listed CoinShares grew by over 300% in 2020.
Updated Sep 14, 2021, 12:33 p.m. Published Mar 31, 2021, 9:10 a.m.
Profits at CoinShares, Europe’s largest digital asset investment firm, more than doubled in the company's Q4, according to interim financial results announced Wednesday.
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- CoinShares announced Q4 adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) of £7.9 million (US$10.9 million), a 147% increase over the year-earlier period figure of £3.2 million ($4.4 million).
- Results were helped by management fees generated by exchange-traded products (ETPs), which increased 137% to £7.1 million (US$9.8 million) in Q4 compared to the year-ago period figure of £3 million ($4.1 million).
- The digital asset manager, which began trading on the Nasdaq First North Growth Market on March 11, saw its assets under management (AUM) grow to £1.74 billion in 2020, an increase of 336% compared to £0.4 billion ($0.55 billion) the year before.
- This has continued in 2021, with CoinShares’ AUM currently more than $4.5 billion.
- These surges can be attributed to the crypto bull market which gathered pace toward the end of 2020, which CEO Jean Marie Mognetti described as “a tipping point on the journey of bitcoin and digital assets.”
See also: Billionaire Hedge Fund Mogul Alan Howard Is a Shareholder in CoinShares
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
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- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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Dogecoin, PEPE rocket as much as 25% as 2026 starts with a bang for memecoins
The broader meme coin market is heating up, with CoinGecko's GMCI Meme Index showing a market value of $33.8 billion and a trading volume of $5.9 billion.
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- Dogecoin and Pepe led a significant meme coin rally, with Dogecoin rising 11% and Pepe surging 17% in a single day.
- The broader meme coin market is heating up, with CoinGecko's GMCI Meme Index showing a market value of $33.8 billion and a trading volume of $5.9 billion.
- Traders are speculating on meme coins as a high-risk, high-reward opportunity amid uneven liquidity and a lack of clear macroeconomic catalysts.
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