BitGo Cryptocastodian has officially announced the financial results of its work for the second quarter of 2017. The company's revenue reached four billion three hundred and thirty million dollars. This impressive figure turned out to be seventy-nine point six percent more than in the same period last year. Despite the steady growth in basic income, the organization recorded a net loss of nineteen million dollars. For comparison, in the second quarter of 2000, the company made a net profit of thirty-eight million three hundred thousand dollars. The main reason for such a noticeable change in financial indicators was a deep correction in the open market of digital assets.

Declining cryptocurrency quotes traditionally have a direct impact on the estimated value of assets under management and related accounting adjustments. At the same time, the large-scale growth in total revenue clearly demonstrates the continued high demand for institutional storage services. Large clients continue to actively use the services of maintenance and safe storage of funds. The digital asset industry continues to adapt to macroeconomic fluctuations and periodic downturns in market activity. Infrastructure companies play a crucial role in ensuring the reliability of the entire financial ecosystem. Market participants carefully study the reports of major players to assess the overall state of the industry.