DeFi Technologies Inc. (DEFT) is highlighted as one of the fastest-growing penny stocks to buy now. Maxim Group analyst Matthew Galinko reiterated a Buy rating on DEFT due to the increase in assets under management and expansion of Exchange Traded Products. The company achieved record assets under management and is expanding its liquidity and advisory services.

Despite delivering mixed third-quarter results, DeFi Technologies Inc. saw an increase in average AUM exceeding $900 million per month, the highest quarterly average in history. Revenues dropped to $22.5 million from $28.1 million, with operating income falling to $9 million from $14.4 million due to lower revenues.

DeFi Technologies Inc. (DEFT) bridges traditional finance with decentralized finance (DeFi) by offering regulated products and services like exchange-traded products (ETPs) providing exposure to digital assets and DeFi protocols. The company is well-positioned to benefit from expanding liquidity and advisory services, with significant cash reserves and cryptocurrency holdings affirming its long-term prospects.

Read more at Yahoo Finance: DeFi Technologies Inc. (DEFT) Achieves Record Asset Under Management amid Expanding Liquidity