On May 30, 2025, UP Fintech Holding Limited announced its unaudited financial results for the first quarter ended March 31, 2025, reporting a total revenue of US$122.6 million, a 55.3% increase year-over-year. Non-GAAP net income attributable to shareholders surged to a historical record of US$36 million, up 145% year-over-year. The company added 60,900 new funded accounts, bringing the total to 1.15 million, a 23.5% year-over-year increase.
Total client assets reached a new record of US$45.9 billion, representing a 39.5% year-over-year increase, driven by US$3.4 billion in net deposits. Trading volume soared 154.6% year-over-year to US$217.5 billion. Notably, new funded clients in Hong Kong averaged over US$30,000 in net asset inflows, highlighting the company's success in attracting high-net-worth individuals.
Key product developments included the official launch of cryptocurrency deposit and withdrawal services in Hong Kong for Bitcoin and Ethereum. The company also introduced Delivery Versus Payment (DVP) and equity repo services, and upgraded TigerAI with portfolio and watchlist analysis. The IPO subscription business saw explosive growth, with subscribers up 11x year-over-year, including a record HK$100 billion in the Mixue Group Hong Kong listing.
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