UP Fintech's founder and CEO, Wu Tianhua, stated: "In Q3, market conditions continued to improve, and the Company once again achieved record-high revenue, profit and client assets. To date, we have already met our full-year target of adding 150,000 newly funded clients. At the same time, we continued to refine our client acquisition strategy and deepen our diversified product offerings, earning stronger trust from high-quality clients. This quarter, the average net asset inflows per newly funded client in Singapore and Hong Kong reached US$62,000 and US$30,000 respectively, while client assets in these two markets grew approximately 20% and 60% QoQ, highlighting a steady improvement in overall user quality."
"We continue to strengthen our international presence, making global investing more accessible and inclusive worldwide. In Singapore, where we maintain a leading position among local brokerage market, we became the first digital broker to support linking the CPFIA and SRS with our Cash Boost Account, enabling users to manage their retirement funds more efficiently in one place. We also waived the Singapore Exchange (SGX) quarterly custody fees for clients without trading activity, helping reduce users' long-term investment costs. In Hong Kong, we further enriched our product suite by launching our first Japan market derivatives product, Nikkei futures. In New Zealand, we rolled out virtual asset trading in September, offering local users access to major cryptocurrencies such as Bitcoin and Ethereum. Looking ahead, we will continue to expand and enhance our service capabilities, empowering investors to build global diversified portfolios more easily."
Singapore: Maintaining leadership with 7 consecutive quarters of account growth
Hong Kong: Total trading volume grows over threefold YOY; Launched Nikkei Futures
At its Singapore headquarters, the Company continued to lead the local digital brokerage market, with multiple core business metrics hitting record highs in Q3. Trading accounts have grown for seven straight quarters, while total trading orders rose 54% YoY to a new peak, underscoring strong user engagement. US stock and options volumes increased 71% and 106% YoY, and Singapore stock trading rose 74% QoQ and 31% YoY. As part of the Company's commitment to transparent and cost-efficient investing, the platform waived the SGX quarterly custody fee for inactive accounts ...