Core Viewpoint - Citigroup reported that revenue across its five major business segments exceeded Wall Street expectations, leading to a 9% year-over-year increase in total revenue [1] Group 1: Revenue Performance - All major business segments, including market services, investment banking, services, wealth management, and U.S. retail, achieved record results in the third quarter [1] - Equity and fixed income traders both surpassed analyst expectations, generating a combined revenue of $5.6 billion, which represents a 15% year-over-year increase [1] Group 2: Expense and Cost Analysis - Company expenses grew by 9%, primarily due to costs associated with a recently announced agreement related to the partial sale of shares before the listing of Banamex [1] - Compensation and benefits expenses also saw an increase [1] Group 3: Trading Revenue Breakdown - Fixed income trading revenue reached $4 billion, up from $3.6 billion in the same period last year [1] - Equity trading revenue amounted to $1.5 billion [1] - The market segment's prime brokerage business experienced a significant year-over-year growth of 44%, reaching a historical high [1]

Core Insights - Matrixport has received a Financial Services License (FSL) from the GMCA, highlighting its leadership in the regulated crypto finance sector and marking GMC's emergence as a global financial innovation hub [1][2] Group 1: Compliance Expansion - The FSL allows Matrixport to offer a range of regulated financial services within GMC and globally, including tailored structured products, real-world asset (RWA) solutions, prime brokerage for institutional clients, and institutional-grade virtual asset custody services [2] - This approval positions Matrixport as a key player in GMC's financial and crypto ecosystem, contributing to the provision of trustworthy, transparent, and compliant financial products and services [2] Group 2: Local Development - As part of its strategic expansion, Matrixport plans to recruit and train local professionals in Bhutan, fostering the integration of international experience with local talent development [3] - The CEO of Matrixport emphasized the honor and responsibility of obtaining the FSL, viewing Bhutan and GMC as strategic bases for innovation, compliance, and regional growth [3] - GMCA's Managing Director congratulated Matrixport on its FSL approval, noting the potential for GMC to provide next-generation virtual asset financial services and the alignment of Matrixport's commitment to local talent development with GMC's mission [3] Group 3: Future Vision - Matrixport intends to establish a dedicated office in GMC to expand its compliance services and play a core role in building a resilient crypto finance ecosystem, aiming to bring long-term economic and social benefits to Bhutan and the South Asia region [4] - This collaboration signifies a new chapter in global crypto finance, where clear regulation, technological innovation, and inclusive growth drive sustainable economic development [4] Group 4: Company Overview - Founded in 2019, Matrixport is a leading one-stop crypto financial services platform, managing $6 billion in assets and offering diverse crypto financial solutions [5] - The company holds various licenses, including a trust and lending license in Hong Kong, a money service license in the U.S., and an asset management license from Switzerland's FINMA [5] - Matrixport has been recognized as one of the "50 Most Promising Blockchain and Crypto Companies" by CB Insights and has been included in the 2024 Global Unicorn List by Hurun [5]