Moomoo's Parent Company Futu Releases Q2 Earnings Result with US$400.7 Million in Total Revenues, a 25.9% Increase YoY
The exceptional results demonstrated the Company's continuous growth and its rising recognition among global investors. By the end of Q2, the Company's global users reached 23.3 million, representing an increase of 13.3% YoY. The Company has also reached a milestone of two million paying clients, representing a growth of 28.8% YoY.
With its client-centric approach and continuous efforts to enhance the investment experience through cutting-edge solutions, the Company has increasingly earned the trust and loyalty of global investors through its proprietary platforms. Its client retention rate remained above 98% in Q2, with total client assets reaching
Successes in Q2 were driven by the Company's robust stock trading activities, with US stock global trading volume and daily active revenue trades ("DARTs") both hitting one-year highs, while other stocks also saw rapid growth. Additionally, with its strategic focus on diversification, the Company has been expanding its offerings across markets and assets to enable global investors to unlock various opportunities. In Q2, the Company rolled out a variety of new offerings, including expanding Japanese stock trading to more markets, introducing cryptocurrency ETFs, as well as other initiatives. The Company also achieved noticeable success in bonds and funds, driving wealth management to surpass
Entering into the second half of the year, the Company continued to empower investors with broader investment opportunities. As virtual assets are increasingly gaining popularity from global investors, the Company launched crypto trading services in
Double-Digit Growth Across Global Markets
This quarter, the Company continued to perform strongly across all its markets, highlighting the ongoing momentum of its international expansion. Moomoo reached a significant milestone in
Improved Stock Trading and Expanded Diversification Strategy
With the Company's diversification strategy, moomoo continually improved its comprehensive stock trading capabilities, achieving impressive results in Q2. This strong growth reinforced the Company's competitive edge in this asset class, further establishing moomoo and Futubull as trusted destinations for global stock investment.
In Q2, the Company improved its US stock trading capabilities by expanding its services and products. In April, moomoo entered a global strategic partnership with Nasdaq to further empower investors with advanced market data and insights. To meet increasing demand from local investors, moomoo launched US options trading in
Additionally, the Company enhanced its capabilities beyond the US stock. In
Diversified Asset Classes Meet Various Investment Needs
As a one-stop platform to meet different investment needs, this quarter, the Company continued to build presence in new asset classes, with the aim to create a resilient and thriving investment ecosystem among global investors.
With virtual assets, which has become a major focal point in the investing world, the Company made strides to address investors' evolving needs. The Company unveiled crypto trading services in
The Company's wealth management business also took a giant leap forward in Q2, surpassing a milestone of
To meet the needs of high-net-worth families and individuals, and provide more sophisticated wealth management solutions, the Company continued to enhance its family office services. This led to increased net deposits in the HK market and drove the growth of the Company's private wealth management business.
Furthermore, moomoo played a pivotal role in transforming the local investment landscape with innovative solutions. In Q2, moomoo expanded IPO and IR business into
In the future, the Company will further streamline access and provide a unified platform for diverse investment opportunities worldwide, making investing a viable option for all.
About moomoo
Moomoo is a leading global investment and trading platform dedicated to empowering investors with user-friendly tools, data, and insights. Our platform is designed to provide essential information and technology, enabling users to make well-informed investment decisions. With advanced charting tools, pro-level analytical features, moomoo evolves alongside our users, fostering a dynamic community where investors can share, learn, and grow together.
Founded in the US, moomoo operates globally, serving investors in countries such as the US,
For more information, please visit moomoo's official website at www.moomoo.com or feel free to email: pr@moomoo.com.
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