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X @Poloniex Exchange
Poloniex Exchange· 2025-11-23 12:39
Happy weekend night with my friend. ✨Even in the chaos of crypto trading,I still miss that cozy vibe sometimes. 🕯️💛Stay warm, stay winning. https://t.co/C0aw9IHDcM ...
X @Binance
Binance· 2025-11-20 04:05
Binance Demo Trading Benefits - Enables beginners to learn crypto trading without financial risk [1] - Allows experts to test advanced trading strategies risk-free [1] - Facilitates familiarization with Binance's upgraded interface for all users [1] Market Preparation - Encourages users to utilize Demo Trading to prepare for volatile market conditions [1]
Peter Thiel-backed stock sinks despite revenue topping Wall Street estimates
Yahoo Finance· 2025-11-19 18:57
Core Viewpoint - Bullish, a crypto trading platform backed by Peter Thiel, reported strong Q3 earnings but saw its stock price decline despite beating revenue estimates [1][8]. Financial Performance - Adjusted revenue for Q3 was $76.5 million, exceeding Wall Street's estimate of $71.2 million [2]. - Earnings per share (EPS) of $0.10 met analyst expectations [2]. - Digital asset sales reached $41.6 billion, with adjusted transaction revenue at $26.7 million and adjusted net income of $13.8 million [7]. Business Developments - Bullish launched U.S. spot trading and crypto options trading with 14 leading trading partners during the last quarter [4]. - The options product surpassed $1 billion in trading volume [4]. - The company signed notable institutional clients and expanded liquidity services partners significantly [3]. Future Outlook - For Q4, Bullish expects subscription, services, and other revenue to be between $47 million and $53 million, with adjusted operating expenses projected at $48 million to $50 million [5]. - The company is experiencing strong momentum heading into the fourth quarter [3].
X @BSCN
BSCN· 2025-11-19 08:00
COMMENT: Citadel Securities will collaborate with Kraken on liquidity, risk oversight, and market structure analysis.BSCN (@BSCNews):KRAKEN RAISES $200M FROM CITADEL SECURITIES AT A $20B VALUATION- Kraken has secured a fresh $200M investment from Citadel Securities, per Fortune. The deal sets the exchange’s valuation at $20B and marks one of Wall Street’s clearest moves into crypto trading infrastructure.- https://t.co/84edlDLaOA ...
FUTU(FUTU) - 2025 Q3 - Earnings Call Transcript
2025-11-18 13:32
Financial Data and Key Metrics Changes - The company concluded Q3 2025 with 3.13 million funded accounts, a 43% year-over-year and 9% quarter-over-quarter increase [3] - Total client assets reached HKD 1.24 trillion, up 79% year-over-year and 27% quarter-over-quarter, driven by robust net asset inflow and appreciation in client stock holdings [10] - Total revenue was HKD 6.4 billion, an 86% increase from HKD 3.4 billion in Q3 2024 [21] - Net income increased by 143% year-over-year and 25% quarter-over-quarter to HKD 3.2 billion, with a net income margin of 50.1% [26] Business Line Data and Key Metrics Changes - Brokerage commission and handling charge income was HKD 2.9 billion, up 91% year-over-year and 13% quarter-over-quarter, primarily driven by higher trading volume [21] - Interest income was HKD 3 billion, up 79% year-over-year and 33% quarter-over-quarter, driven by higher interest from securities borrowing and margin financing [22] - Crypto trading volume surged 161% sequentially, with Ethereum trading volume quadrupling during the quarter [14] Market Data and Key Metrics Changes - Hong Kong remained the largest contributor to new funded accounts for four consecutive quarters, with the highest quarterly net client acquisition since Q1 2021 [5] - In Singapore, new funded accounts showed steady sequential growth, leading peers in daily active users [7] - The U.S. business experienced high double-digit sequential growth in new funded accounts, with increased derivatives trading activity [9] Company Strategy and Development Direction - The company aims to enhance its brand recognition and product experience across all markets, focusing on sophisticated active traders in the U.S. [52] - The integration of Airstar Bank is expected to improve client stickiness and enhance the one-stop financial services platform [60] - Continued investment in Crypto and AI capabilities is planned to optimize client experience and operational efficiency [47] Management Comments on Operating Environment and Future Outlook - Management expressed optimism regarding client acquisition costs and trends, indicating robust momentum in net asset inflows despite market fluctuations [31] - The company anticipates continued growth in Crypto trading, driven by broadening token offerings and potential new business lines like derivatives [40] - Management highlighted the importance of regulatory approvals for future product launches in the Crypto space [64] Other Important Information - The company hosted its annual flagship offline investor event, Moof Fest, attracting over 28,000 investors [7] - The average customer acquisition cost in Q3 was around HKD 2,300, slightly up from Q2 but still within the full-year target range [31] Q&A Session Summary Question: Breakdown of client assets performance and acquisition cost trends - Management indicated that one-third of client asset growth came from net inflows, while two-thirds were due to market fluctuations, with robust inflow momentum continuing into Q4 [31] Question: Interest income drivers and Crypto business contribution - Interest income was driven by client idle cash, margin financing, and securities lending, with strong contributions from hard-to-borrow stocks [36] - Crypto trading volume and AUM saw triple-digit growth across markets, with new functions and token offerings contributing to this expansion [38] Question: R&D and G&A cost increases - R&D and G&A expenses increased due to investments in Crypto and AI capabilities, as well as preparations for new market entries [47] Question: Client profile and regional mix of AUM - Hong Kong and Malaysia contributed around 50% of new funded accounts, with a notable increase in high net worth clients [51] Question: Airstar Bank's strategic role - Airstar Bank's integration is expected to enhance customer experience and product offerings, with plans for continued investment in the bank [60]
X @CoinDesk
CoinDesk· 2025-11-13 14:17
RT CoinDesk Data (@CoinDeskData)Crypto trading hit new highs in October 📈🟡 $10.3T total CEX volume (+25.9%)🟡 BTC options on CME ↑113%🟡 $20B liquidated in one day🟡 Gate spot volume ATH: $163BDownload full report supported by @Gate 👇 ...
Why Phemex’s Sixth-Anniversary Rebrand Reflects the Future of Exchanges
Yahoo Finance· 2025-11-13 14:00
Phemex Rebrand. Photo by BeInCrypto Crypto exchanges have always evolved to mirror the market’s shifting priorities. From the speculative frenzy of the early years to today’s demand for transparency, reliability, and user empowerment, each cycle has reshaped what traders expect from a platform. As one of the industry players that has been in the scene since 2019, Phemex is embracing this shift with a comprehensive rebrand under the tagline “For You. For Tomorrow.” This transformation reflects a renewed p ...
Coinbase Launches First International Business Platform in Singapore With Standard Chartered
Yahoo Finance· 2025-11-12 09:17
Core Insights - Coinbase has launched its business platform in Singapore, marking its first expansion outside the U.S. [1] - The platform is designed for startups and small-to-medium-sized enterprises, offering a suite of APIs and automation tools for crypto payments [2][3] - Singapore is a strategic market for Coinbase, serving as a primary outpost in Asia amidst competition from established players like Binance [4][5] Company Expansion - Coinbase's entry into Singapore follows a partnership with Standard Chartered, enabling SGD deposits and withdrawals [5] - The company aims to deepen its presence in Singapore, which is viewed as a critical financial hub and access point to the rest of Asia [6] - After previously suspending operations in Japan, Coinbase has recently relaunched in India and invested in the local exchange CoinDCX [6][7] Competitive Landscape - Despite Coinbase's efforts, it faces significant competition in Asia, particularly from Binance, which attracted approximately twice the website traffic compared to Coinbase in the three months leading to October 31 [4] - The launch of Coinbase Business in Singapore is a strategic move to enhance its global footprint and compete more effectively in the region [5]