UP Fintech rose 2.6% in pre-market trading. The company posted a Non-GAAP net loss of $4.4 million in the second quarter, compared with a profit of $4.7 million in the same period last year.
The number of customer accounts reached 1.649 million in the second quarter, compared with 833,000 in the same period last year, according to the financial report.
The funded account increased to 529000, and the number of new deposits in a single quarter was 153000, 4.5 times that of the same period last year, the highest increase in a single quarter in history, of which more than 60% came from overseas.
The trading volume reached US $102 billion in the second quarter, 2.2 times that of the same period last year, and the total transaction volume in the first half of 2021 was US $225.8 billion, exceeding the total for the whole of last year.
Marketing and branding expenses were $23.7 million, up 715.6% from $2.9 million in the same period last year. This growth stems from our continuous efforts to expand globally in accordance with our international strategy.