As per The Tokenist, Futu Holdings Limited, a tech-driven online brokerage and wealth management platform, reported significant financial growth for the fourth quarter of 2024. The company achieved an 86.8% increase in total revenues, reaching HK$4,432.5 million (US$570.6 million), and a 113.3% rise in net income year-over-year. The total trading volume hit a record HK$2.89 trillion, driven by AI and cryptocurrency stocks. Futu's client base also expanded, with a 41% increase in paying clients. Looking forward, Futu aims to add 800,000 new paying clients in 2025, focusing on market expansion in Hong Kong, Singapore, Malaysia, and Japan.
Futu Holdings Reports 86.8% Revenue Growth in Q4 2024
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