MultiBank Group, the world's largest financial derivatives institution, has announced the results of its buyback and burn program for $MBG tokens alongside its financial performance for H1 2025.
MultiBank Group's Financial Performance
In H1 2025, MultiBank Group reported record financial results with revenue reaching $209 million and an average daily trading turnover of $36 billion since the Token Generation Event on July 22.
$MBG Buyback Program
The $MBG buyback and burn program reinforces the Group's commitment to its clients while enhancing the long-term fundamentals of the $MBG token. A total of 4.86 million $MBG tokens have been permanently removed from circulation. The program is expected to retire up to $58.2 million worth of $MBG in the first year and a cumulative $440 million over five years.
Future Initiatives by MultiBank Group
With over two million clients and 17+ financial licenses globally, MultiBank Group is set to accelerate its blockchain and DeFi initiatives, introducing new digital assets and services in the coming months. Founder and Chairman Naser Taher mentioned that the burn is just the beginning, with further opportunities for the community anticipated.
In conclusion, the successful completion of the buyback and burn program showcases MultiBank Group's strategic focus on strengthening its position in the crypto market while supporting its customers.
