Plus500 (GB:PLUS) has released an update.
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Plus500 reported a strong Q3 2024 performance, with an 11% increase in revenue and a 21% rise in new customers year-on-year, showcasing its strategic focus on expanding its global presence and enhancing customer engagement. The company’s robust financial position, with cash reserves exceeding $950 million, underlines its capacity to invest in innovation and market expansion, particularly in the US and UAE. Plus500’s strategic initiatives have also led to increased average customer deposits and improved customer retention, positioning the company well for future growth in the fintech market.
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