The crypto platform Firi AS is delivering a very strong 2024 with a record operating profit and significant growth in both revenue and customer funds. The company reports a profit after tax of NOK 134.9 million.
In 2023, Firi had a negative result of 12.6 million in 2023.
- 2024 was a breakthrough year for Firi. We are very proud to deliver such a strong result in a market that is still characterized by fluctuations and regulatory complexity. It shows that Firi has established one as a crypto exchange for most people,” says Thuc Tuan Hoang, general manager and co-founder of Firi AS.
Turnover: Firi AS achieved a total revenue of NOK 5.76 billion in 2024, a sharp increase from NOK 453 million in 2023, driven by increased activity in the crypto market and the launch of the Direct Trading product in 2023.
Operating profit: The company delivered an operating profit of NOK 131.7 million, against a loss of NOK 18.2 million in 202w
Net income: Profit after tax for the year was NOK 134.9 million, a marked improvement from a loss of NOK 12.6 million in 2023
Crypto Inventory: Customer funds held separately from the company's assets increased to NOK 7.55 billion, a significant increase from NOK 2.75 billion in 2023.
Liquidity: Cash reserves increased to NOK 163.0 million, up from NOK 57.8 million in 2023.
Number of customers: Increase in the number of customers from 240K at the end of 2023 to 350K by 2024.
Trading volume: Customers traded cryptocurrency for a record $10.5 billion through Firis platform
After a record year in 2024, Firi continues to focus on the development of the platform and expansion in the Nordic market. With solid equity and a strengthened position, the company is launching new products in savings, marketing communications and learning. “We want to make Firi the natural first choice for anyone who wants to understand and invest in crypto — in a safe and easy way,” Hoang concludes.
The crypto platform Firi AS is delivering a very strong 2024 with a record operating profit and significant growth in both revenue and customer funds. The company reports a profit after tax of NOK 134.9 million.
In 2023, Firi had a negative result of 12.6 million in 2023.
- 2024 was a breakthrough year for Firi. We are very proud to deliver such a strong result in a market that is still characterized by fluctuations and regulatory complexity. It shows that Firi has established one as a crypto exchange for most people,” says Thuc Tuan Hoang, general manager and co-founder of Firi AS.
Turnover: Firi AS achieved a total revenue of NOK 5.76 billion in 2024, a sharp increase from NOK 453 million in 2023, driven by increased activity in the crypto market and the launch of the Direct Trading product in 2023.
Operating profit: The company delivered an operating profit of NOK 131.7 million, against a loss of NOK 18.2 million in 202w
Net income: Profit after tax for the year was NOK 134.9 million, a marked improvement from a loss of NOK 12.6 million in 2023
Crypto Inventory: Customer funds held separately from the company's assets increased to NOK 7.55 billion, a significant increase from NOK 2.75 billion in 2023.
Liquidity: Cash reserves increased to NOK 163.0 million, up from NOK 57.8 million in 2023.
Number of customers: Increase in the number of customers from 240K at the end of 2023 to 350K by 2024.
Trading volume: Customers traded cryptocurrency for a record $10.5 billion through Firis platform
After a record year in 2024, Firi continues to focus on the development of the platform and expansion in the Nordic market. With solid equity and a strengthened position, the company is launching new products in savings, marketing communications and learning. “We want to make Firi the natural first choice for anyone who wants to understand and invest in crypto — in a safe and easy way,” Hoang concludes.
