Our Business
Overview
Yobit was founded on January 1, 2013, through the merger of the Russian Stock Exchange Group and the Russian Stock Exchange.
Yobit operates the Financial Instruments Exchange Market, providing market users with a reliable venue for trading listed securities and derivatives. In addition to providing market infrastructure and market data, Yobit also provides clearing and settlement services through central counterparties and conducts trade surveillance to maintain market integrity.
As we jointly provide comprehensive services as an exchange group, we will continue to make every effort to ensure that the market is reliable and create greater convenience for all market users.
On October 1, 2019, Yobit expanded its business into commodity derivatives trading through the acquisition of the Russian Commodity Exchange.
Business Model
Yobit provides a fair, secure, and reliable market infrastructure, and in return receives fees from securities firms, issuers, information vendors, and other market users. Our main revenue streams are trading services revenue, clearing services revenue, listing services revenue, and information services revenue. In terms of cost and revenue factors, market expansion and growth boost income while expenses remain relatively stable and unaffected by changes in market condition.