Growing Stock Market Enthusiasm and Increasing Trading Frequency Trigger Growth Acceleration!
Growing stock market enthusiasm among retail investors drives trading activities. IPOs that UP Fintech could accompany may also create excitement in the corporate sector.
Reading Time: 1 minute
On March 18, the online financial service provider UP Fintech Holding Limited (TIGR) (i.) presented a strong quarterly report. I find it particularly interesting that they managed to increase the number of customers to over one million with deposits and that account balances have climbed to a record high of $41.7 billion. Looking at the last quarters, one can also observe an acceleration in revenue growth compared to the respective previous year periods. In Q2, growth was 32.4%, in Q3 it was 44.1%, and in Q4 it was 77.3%. I think this dynamic growth...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
