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UP Fintech Holding Ltd American Depositary Share representing fifteen - $TIGR STOCK NEWS

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Rhea-AI Summary

Tiger Brokers (Nasdaq: TIGR) has launched virtual asset trading services in Hong Kong, offering a platform for trading traditional securities and 18 virtual assets, including Bitcoin and Ethereum. The company aims to streamline global asset allocation for professional investors with affordable fees and secure services. Tiger Brokers has secured an upgrade to its Type 1 license conditions from the SFC, offering competitive trading rates at 0.2% of the transaction value for virtual assets. The platform enables instant T+0 exchange between Hong Kong and US dollars, with plans to extend services to retail investors in the future.

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End-of-Day
1.28%
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Rhea-AI Summary
UP Fintech Holding (TIGR) announces Tiger Brokers (HK) Global has been granted a Type 9 license by Hong Kong's Securities and Futures Commission, allowing them to provide asset management services. TBHK will offer discretionary account services to retail and professional investors, along with asset management services for professional investors. The company's asset management team will focus on tactical asset allocation and long-term value investing, providing tailored investment strategies for clients and a user-friendly platform interface. TBHK has gained popularity in Hong Kong due to its competitive pricing, zero commission on equity trading, and innovative wealth management products.
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End-of-Day
0.59%
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Rhea-AI Summary
UP Fintech Holding (TIGR) reports strong financial performance with revenue of US$70 million in Q4 2023, marking a 20.9% YoY increase. Non-GAAP net income for the year totaled US$42.7 million, a 3.4x growth from 2022. The company added 47,797 new global account holders in Q4, reaching a total of 2.2 million. Total client assets grew to US$30.6 billion, with a 62.1% QoQ and 118.5% YoY increase. Singapore accounts for over 75% of total client assets. The company aims to solidify its market share in Singapore, Australia, New Zealand, and Hong Kong to become a world-leading fintech brokerage.
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End-of-Day
-9.17%
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UP Fintech Holding (TIGR) announces impressive financial results for Q4 and full year 2023, showing significant revenue growth and improved bottom line. The company reported a 9.6% increase in total revenue for Q4 and a 20.9% increase for the full year. Net income reached US$32.6 million for the year, a stark improvement from a net loss of US$2.2 million in 2022. UP Fintech added over 39,000 new funded accounts in Q4 and achieved a record net asset inflow of US$8.2 billion. The company also expanded its product offerings and received approval for Virtual Asset dealing services in Hong Kong.
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-9.17%
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UP Fintech Holding Limited announces the release of its financial results for Q4 and full year 2023 on March 20, 2024. The company will host an earnings conference call at 8:00 AM U.S. Eastern Time on the same day.
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Rhea-AI Sentiment
End-of-Day
6.78%
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conferences earnings
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Rhea-AI Summary
UP Fintech Holding Limited (TIGR) announced the upgrade of its Type 1 license for virtual asset dealing services in Hong Kong, making it one of the first mainstream online brokerage firms to receive approval for such a license upgrade. The upgrade allows the company to provide cryptocurrency trading services to Professional Investor clients in Hong Kong through its flagship platform, Tiger Trade, with plans to expand to retail investors in the future. The upgrade enables seamless trading of traditional securities and cryptocurrencies on a unified platform, offering a centralized investment management experience. Tiger Brokers also emphasized its low costs and competitive pricing, as well as its wealth management product, Tiger Vault, and infrastructure improvements such as fully self-clearing for U.S. and Hong Kong cash equities.
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-1.75%
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UP Fintech Holding Limited (TIGR) Reports Robust Financial Results and Business Growth in Q3 2023
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-8.23%
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UP Fintech Holding Limited (TIGR) Announces Strong Third Quarter 2023 Financial Results with 26.6% Year-Over-Year Revenue Growth
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-8.23%
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Rhea-AI Summary
UP Fintech Holding Limited (NASDAQ: TIGR) will report its Q3 2023 financial results on November 27, 2023, before the U.S. market opens. The earnings conference call will be held at 8:00 AM ET on the same day. Participants must preregister online to receive the dial-in numbers and access the webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.41%
Tags
conferences earnings
Rhea-AI Summary
UP Fintech reports Q2 2023 financial results with remarkable growth in profitability. GAAP net income increased by 65.6% QoQ to $13.2 million. Non-GAAP net income increased by 48.4% QoQ and 342% YoY to $15.3 million. Total account balance increased by 7.1% QoQ to reach $17.3 billion. However, mark-to-market loss of $492 million due to underperformance in ADRs and Hong Kong market partially offset net asset inflows of over $1.6 billion.
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Rhea-AI Sentiment
End-of-Day
28.53%
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UP Fintech Holding Ltd American Depositary Share representing fifteen

Nasdaq:TIGR

TIGR Rankings

TIGR Stock Data

612.70M
1.15B
31.52%
9.79%
1.75%
Investment Banking and Securities Dealing
Finance and Insurance
Link
United States of America
Beijing

About TIGR

up fintech holding limited (“up fintech” or the “company”, or commonly known as “tiger fintech” in asia) (nasdaq: tigr), a leading online brokerage firm focusing on global chinese investors