Crypto

Philip Hammond’s crypto firm Copper reports $40m UK loss

Revenue jumps at the digital asset custodian, but Copper says it will continue to keep a lid on costs

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Lord Hammond was an adviser to the firm before taking the chair role, but is now reportedly heading for the exit Photo: Alishia Abodunde/Getty Images

Copper, the digital assets firm chaired by ex-chancellor Lord Philip Hammond, has reported a $40m loss in its UK accounts despite a jump in revenue.

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