Up Fintech Holding (TIGR) has released an update.
UP Fintech Holding Limited, the parent company of the Tiger Brokers online trading platform, reported a record total revenue of $87.4 million in Q2 2024, marking significant growth in trading volumes and client assets. Despite a loss provision for their Hong Kong stock pledge business, they saw a 121.1% year-over-year increase in total account balance to $38.2 billion, and their customer base grew by 16.8% to over 982,300 funded accounts. The firm also expanded its product offerings by introducing short selling and options trading for Hong Kong stocks and extended its virtual asset dealing services to retail clients.
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