Breaking: Playtech’s TradeTech Services $1.3t Volumes, Loses $7.6m on Crypto

[kreslik.news]

TradeTech Group has posted its full-year results for the year that ended on December 31st, 2017. The company’s bottom line has improved for the year, but the financial services division of Playtech underperformed in the fourth quarter due to the crypto hype that generated losses for the firm.

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The B2B business of Playtech in 2017 saw material growth, with CFH servicing over $1 trillion in volume from B2B customers. After adding Alpha’s acquisition, the company is servicing over $1.3tn on a proforma basis after adjusting for pre-acquisition volumes in ... (read more)