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RenrenBit's net profit for the first quarter exceeds the total for 2019, with user deposits surpassing 100 million USDT.
The Digital Money bank RenrenBit recently announced its financial report for the first quarter of 2023. According to the data, as of March 31, the total user deposits on the platform reached 106 million USDT. In the first quarter of this year, RenrenBit achieved an operating income of 1.9742 million USDT and a net profit of 1.2973 million USD.
In comparison to the full-year financial report released by RenrenBit for 2019, the total revenue for that year was 2.31 million USDT, with a net profit of 610,000 USDT. It is worth noting that the net profit for the first quarter of this year has already reached 2.12 times the full-year net profit of 2019, demonstrating significant growth in the platform's business.
In addition, RenrenBit conducted a buyback and destruction operation for its platform coin RRB on April 10. The relevant destruction records can be viewed on its official website.
This financial report reflects RenrenBit's steady development in the digital money banking sector, as well as its continuous growth in user deposits and profitability. As the cryptocurrency market continues to change, RenrenBit's business performance will remain a focal point of industry attention.