B2Prime’s 2024 Q1 Fiscal Results Underline Robust Growth and Maximum Compliance

B2Prime, a global provider of multi-asset Prime liquidity, has just disclosed its financial results for January and February 2024. B2Prime’s recent financial report showcases the company’s mission to maintain its leadership, flawless regulatory compliance and transparency across the board. 

Governed by the Financial Services Commission of Mauritius (FSC Mauritius) and the Cyprus Securities and Exchange Commission (CySEC), B2Prime continues to surpass industry standards for safeguarding users and cultivating sustainable growth. Below are some of its most notable accomplishments as of Q1 2024. 

Q1 Financial Statement Highlights:

• B2Prime’s total asset balance has reached €28,969,690, marking a significant 40.32% jump compared to the previous year. 
• Client assets held for trading also climbed to €26,840,460, showcasing 47.6% growth versus last year’s balance. 
• Shareholder’s equity grew by 8% in Q1 2024, further pinpointing the company’s healthy profit margins in the recent period. 
• The year-over-year comparison for Q1 showcases that the company’s total assets grew by 68%, client assets held for trading grew by 64%, and the shareholder’s equity experienced a massive jump of 289%. 
• In terms of Regulatory Capital Adequacy, B2Prime’s private funds expanded by 600%, climbing from €503,000 to €2,728,000 and easily surpassing the regulatory requirement of €750,000.
• B2Prime’s CET1 and Tier 1 ratios currently stand at 364.71%, significantly surpassing the minimum of 56% and 75%, respectively. As a result, B2Prime’s metrics put the company 6.5 times above the CET1 ratio and 4.8 times above the Tier 1 ratio standards. 

“We recorded truly significant financial growth and regulatory achievements this quarter. We remain the trusted provider of Prime of Prime liquidity solutions for diverse clients in the financial sector and continue to deliver outstanding value for our customers. 

In the upcoming quarter, we look to capitalise on our strong market position and deliver even better, more client-centric services and enhanced performance.” 

– Eugenia Mykuliak, Founder & Executive Director of B2Prime.

Future Considerations

B2Prime’s impressive growth numbers showcase the company’s determination to meet and exceed financial KPIs, thoroughly adhere to regulatory frameworks and maintain complete transparency. 

Currently, B2Prime provides a wide selection of asset classes that include crypto CFDs, Rolling Spot FX, equity indices CFDs, precious metals CFDs, commodities CFDs, and NDFs as CFDs. B2Prime is committed to further expanding this selection of trading mechanisms and providing a multi-asset liquidity solution that satisfies client demands on a global scale. For further information about B2Prime’s regulatory updates, financial news, future plans and rendered services, please visit the official website: b2prime.com