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RenrenBit's net profit in the first quarter was 1.2973 million USD, and deposits exceeded 100 million USDT.
The digital money bank RenrenBit recently announced its financial report for the first quarter of 2023. The report shows that as of March 31, the total user deposits on the platform reached 106 million USDT. In the first quarter of 2023, RenrenBit achieved operating revenue of 1.9742 million USDT and a net profit of 1.2973 million USD.
This performance shows a significant improvement compared to the company's full-year financial report for 2019. In 2019, RenrenBit's total revenue was 2.31 million USDT, with a net profit of 610,000 USDT. The net profit for the first quarter of this year has already reached 2.12 times the net profit for the entire year of 2019, demonstrating the rapid growth of the company's business.
It is worth noting that RenrenBit's platform coin RRB was repurchased and destroyed on April 10. The specific records of this operation can be found on the company's official website.
This financial report reflects the recent vigorous development of digital money banking services and highlights RenrenBit's competitiveness in the market. As the cryptocurrency market continues to mature, digital money banks like RenrenBit may play an increasingly important role in the future.