what crypto are you trading this week? ...

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]

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 👇 ...

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 ...

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]

Financial services firm SoFi is rolling out access to crypto trading, allowing users to buy and sell Bitcoin, Ethereum, and other assets. https://t.co/bUqA16ZmVv ...

SoFi Rolls Out Crypto Trading With Bitcoin, Ethereum, Solana and More► https://t.co/hdaSmE6OyT https://t.co/hdaSmE6OyT ...

🚀 BREAKING: @SoFi enters crypto trading.The first nationally chartered U.S. bank to offer in-app crypto access, letting users buy, sell & hold Bitcoin, Ethereum, Solana + more — all alongside checking, savings & investing. “Bank-level confidence” cited as its edge.✍️ @HeleneBraunn reporting 👇 ...

eToro reports strong growth across crypto trading in Q3 as costs keep pace with revenue https://t.co/HsgQl2jyNN ...

Core Insights - Ripple has launched spot trading for various cryptocurrencies through its Ripple Prime service, following the acquisition of Hidden Road for $1.25 billion [1][2][5] - The service allows access to prominent digital assets, including XRP and Ripple's RLUSD stablecoin, which have market caps of $142 billion and $1 billion respectively [2] - Ripple's offerings now likely include Bitcoin, Ethereum, and Solana, enhancing its service portfolio for institutional clients [3][4] Group 1 - Ripple's Prime clients can access a wide range of digital assets, enhancing trading capabilities [2][3] - The launch of OTC spot execution capabilities complements existing OTC and cleared derivatives services, providing a comprehensive trading solution for U.S. institutions [4] - Ripple's prime brokerage allows institutions to engage in foreign-exchange trading, precious metals, synthetic assets, and margin trading [5][6] Group 2 - Ripple's CEO highlighted the importance of Hidden Road as a trusted intermediary for major financial players, indicating a strong market position [5][6] - The acquisition of Hidden Road is part of Ripple's strategy to adapt to a more favorable regulatory environment, with multiple acquisitions in recent years [7]