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UP Fintech Client Accounts and Balances Hit Record High in Q1 2021
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NEW YORK, May 25, 2021 /PRNewswire/ UP Fintech Holding Limited (the Company , a NASDAQ-listed company under the ticker TIGR , and all of its subsidiaries and consolidated entities), a leading online brokerage firm, posted a strong earnings report for Q1 FY 2021. The firm saw record trading volume of $123.8 billion in the first quarter as demand for online securities trading continued to rise.
UP Fintech added 296K new client accounts in the first quarter of 2021, more than 3 times that of the first quarter of 2020. The total number of clients with deposits increased 180.4% year-over-year to 376K. Led by strong growth in the client base coupled with active engagement in the markets during the quarter, the total client account balance reached a record high of $21.4 billion in Q1.