Virtu Financial: Unaffected by FTX and Alameda Research, still committed to the cryptocurrency sector

ChainCatcher news, high-frequency trading and market-making firm Virtu Financial CEO Doug Cifu stated during the company's fourth-quarter earnings call that they still "view cryptocurrency as a long-term growth opportunity," and the company's long-term plans in the crypto space have not been affected by the collapse of FTX and Alameda Research.

The company reported a 29.5% decline in fourth-quarter revenue to $497.8 million, down from $705.6 million in the same period last year. Net income totaled $39.6 million, down from $186 million the previous year.

According to ChainCatcher previous reports, in June 2022, global market makers Citadel Securities and Virtu Financial built a cryptocurrency trading ecosystem with the help of venture capital firms Sequoia Capital and Paradigm. (The Block)