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Lip Powder Market to Reach $2,988.8 Million, Globally, by 2032 at a 6.2% CAGR: Allied Market Research

A growing need for shine-free lightweight lip color and increased awareness of cruelty-free cosmetics are anticipated to drive the growth of the global lip powder market during the forecast period. The Asia-Pacific region is projected to hold the majority of market share by 2032.
PORTLAND, Ore., Sept. 7, 2023 /PRNewswire/ — Allied Market Research has recently published a report, titled, “Lip Powder Market by Type (Lip Powder Palettes, Lip Powder Pen), by End User (Under 18 Years Old, 18-30 Years Old, 30-45 Years Old, Above 45 Years Old), by Distribution Channel (Online, Offline): Global Opportunity Analysis and Industry Forecast, 2023-2032″. According to the report, the global lip powder market generated $1,689.8 million in 2022, and is anticipated to generate $2,988.8 million by 2032, witnessing a CAGR of 6.2% from 2023 to 2032.
Request Sample Copy of the Report: https://www.alliedmarketresearch.com/request-sample/7398
Prime Determinants of Growth
The growing demand for natural and organic beauty products is expected to drive the growth of the global lip powder market in the forecast period from 2023 to 2032. However, the application of lip powder requires a specific amount of skill and practice, which may hamper the lip powder market growth in the coming future. On the contrary, a rise in consciousness about appearance among working-class females is expected to offer remunerative opportunities for the expansion of the lip powder market during the forecast period.
Report Coverage & Details:
Report Coverage |
Details |
Forecast Period |
2023–2032 |
Base Year |
2022 |
Market Size in 2022 |
$1,689.8 million |
Market Size in 2032 |
$2,988.8 million |
CAGR |
6.2 % |
No. of Pages in Report |
300 |
Segments covered |
Type, End User, Distribution Channel, and Region |
Drivers |
Rising willingness among customers to try out new cosmetics products
Significantly growing corporate sector in developing nations
|
Opportunities |
The rapid growth of social media platforms which increases the global sales of beauty products
Capitalizing on the growing demand for new lip products
|
Restraints |
Lip powder might not be suitable for all skin types |
COVID-19 Scenario
- The outbreak of the COVID-19 pandemic has had a significant impact on the growth of the global lip powder market. The pandemic slowed worldwide industry growth, creating widespread disruption for both customers and sellers. Global markets and production facilities were closed, which halted the development, distribution, and marketing of cosmetics.
- However, during lockdowns and social isolation measures, e-commerce increased in significance at an unprecedented pace, which allowed the lip powder market to continue operating despite the closure of traditional retail sites.
- Moreover, in the post-pandemic period, there has been an increasing need for simple, versatile, and clean cosmetics that cater to changing customer needs.
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Type: Lip Powder Palettes Sub-segment to Hold Highest Share by 2032
The lip powder palettes sub-segment of the global lip powder market accounted for the largest share of 56.2% in 2022 and is expected to witness significant growth during the forecast period. The prominent growth of the sub-segment is mainly because these palettes offer a dynamic and varied option for customers who wish to be creative with different lip styles. They offer an affordable means to create new lip appearances for different events by combining multiple shades in a single compact.
End User: 30-45 Years Old Sub-segment to Hold Majority of Market Share by 2032
The 30-45 years old sub-segment of the lip powder market accounted for the highest share of 41.0% in 2022 and is projected to continue to hold major share during the forecast period. The prominent growth of the sub-segment is mainly because the 30-45 age old group has hectic schedules, and the convenience of applying lip powder fits perfectly with their on-the-go habits. Furthermore, the adaptability of lip powder allows people to achieve an array of looks, ranging from a pastel tint to a stronger hue, allowing them to match their style on different occasions.
Distribution Channel: Online Sub-segment to Hold Majority of Market Share by 2032
The online sub-segment of the global lip powder market accounted for the largest share of 51.7% in 2022 and is predicted to grow at the highest CAGR of 6.6% by 2032. The prominent growth of the sub-segment is mainly because online distribution channels are increasingly popular in the lip powder market as individuals prefer e-commerce sites for their shopping needs.
Region: Asia-Pacific Market to Grab Highest Share by 2032
The lip powder market in the Asia-Pacific region accounted for the highest share of 40.5% in 2022 and is likely to dominate during the forecast period. This growth is mainly because of increased concerns about looks among working females in this region. Additionally, increased spending on personal grooming items in developing nations such as South Korea, China, Indonesia, India, the Philippines, Malaysia, and Taiwan is pushing up the demand for cosmetic products. Furthermore, creative and appealing packaging is likely to expand the market’s client base in this region.
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Leading Players in the Lip Powder Market:
- The Estee Lauder Companies, Inc.
- buxom cosmetics
- Chanel International B.V.
- Revlon
- Sephora
- by terry
- CHANEL
- L’Oreal
- Clinique
- Shiseido Company, Limited
The report provides a detailed analysis of the key players of the global lip powder market. These players have adopted different strategies, such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain their dominance in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Country Reports We Have in this Industry:
• Canada Lip Powder Market Opportunity Analysis and Industry Forecast, 2022-2032
• U.S. Lip Powder Market Opportunity Analysis and Industry Forecast, 2022-2032
• Mexico Lip Powder Market Opportunity Analysis and Industry Forecast, 2022-2032
• Europe Lip Powder Market Opportunity Analysis and Industry Forecast, 2022-2032
• UK Lip Powder Market Opportunity Analysis and Industry Forecast, 2022-2032
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David correa
United States
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Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int’l: +1-503-894-6022
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help@alliedmarketresearch.com
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Fintech PR
NYSE Content advisory: Pre-Market Update + American Express Marks Founding Anniversary as Proofpoint Teams Up with Microsoft for Cybersecurity
NEW YORK, March 18, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins.
Darren Lee, Executive Vice President and General Manager, Threat Protection Group at Proofpoint, will join NYSE TV Live at 9:00am to discuss this morning’s announcement that the cybersecurity and compliance company will utilize Microsoft Azure’s AI capabilities and cloud infrastructure to host Proofpoint’s human-centric cybersecurity.
Kristen Scholer delivers the pre-market update on March 18th
- American Express celebrates its 175th Anniversary by opening the U.S. equity markets.
- Proofpoint and Microsoft team up to help companies prevent the underlying causes of data breaches.
- S&P 500 looks to build on back-to-back gains as investors turn their attention to housing data coming out this morning.
Watch NYSE TV Live every weekday 9:00-10:00am ET

Video – https://mma.prnewswire.com/media/2644129/NYSE_Mar_18_2025_Market_Update.mp4
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Fintech PR
MDJM Announces Its Wholly Owned Subsidiary MD Local Global’s Partnership with Kengo Kuma & Associates for the Fernie Castle Oriental Landscape Project

FIFE, Scotland , March 18, 2025 /PRNewswire/ — MD Local Global Limited, a wholly owned subsidiary of MDJM LTD (Nasdaq: UOKA) (the “Company” or “MDJM”), an integrated global culture-driven asset management company, today announced that it has signed an Architectural Design Service Agreement with the Japanese architectural firm KENGO KUMA & ASSOCIATES, INC (KKAA). Since its establishment, KKAA has completed over 550 projects. This partnership is established to drive the Fernie Castle Oriental Landscape Project, which project is intended to harmonize traditional Eastern garden art with historic Scottish castle aesthetic, aiming to create a landmark that embodies both cultural richness and modern design.
Situated in the picturesque surroundings of Fife, Scotland, the 16th-century Fernie Castle is surrounded by 17 acres of woodlands, offering a serene, historic setting. The Oriental Landscape Project is anticipated to blend Eastern-inspired garden features with the castle’s Western architectural heritage, which may serve as a global example of harmonizing diverse cultural designs.
The project benefits from the expertise of KKAA, founded in 1990 by the renowned Japanese architect Kengo Kuma, a University Professor and Professor Emeritus at the University of Tokyo. KKAA has an extensive global presence. It is anticipated that KKAA’s approach to the Fernie Castle project will integrate innovative Eastern garden elements with the castle’s centuries-old Western historical character.
Siping Xu, Chairman and Chief Executive Officer of MDJM, stated, “We are excited to partner with KENGO KUMA & ASSOCIATES on this innovative project. By combining Eastern garden artistry with the historic Fernie Castle, we aim to create a unique cultural synergy and a compelling example of Eastern landscape design. We look forward to seeing the cultural impact of this collaboration.”
About MDJM LTD
MDJM LTD is a global culture-driven asset management company focused on transforming historical properties into cultural hubs that integrate modern digital technology with rich historical value. The Company has been expanding its operations in the UK, where it is developing projects such as Fernie Castle in Scotland and the Robin Hill Property in England. These properties are being remodeled into multi-functional cultural venues that will feature fine dining, hospitality services, art exhibitions, and cultural exchange events. As part of its broader strategy, MDJM seeks to position itself as a hub for artisan exchanges, art shows, and sales, leveraging its historical properties as platforms for promoting Eastern and Western cultural exchanges. This initiative reflects the Company’s commitment to furthering its global market expansion and enhancing its cultural business footprint. For more information regarding the Company, please visit https://www.ir-uoka.com/.
CONTACT: ir@mdjmjh.com
Fintech
UP Fintech: Record-High Quarterly and Full-Year Revenue and Profit; Q4 Net Income Up Nearly 28x YoY; Global Client Assets Reach US$41.7 Billion

UP Fintech Holding Limited (NASDAQ: TIGR) (“UP Fintech” or the “Company”), today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2024. In the fourth quarter, the Company achieved a revenue of US$124.1 million, up 77.3% year-over-year (YoY), while full-year revenue reached US$391.5 million, a 43.7% YoY increase—both setting new record highs. Non-GAAP net income attributable to UP Fintech shareholders was US$30.5 million for the quarter, up 51.7% quarter-over-quarter (QoQ) and 2772.5% YoY, marking a record high. Full-year non-GAAP net income attributable to UP Fintech shareholders grew 65% YoY to US$70.5 million, reaching another record.
During the fourth quarter, UP Fintech added 81,300 new account openings globally, up 70.1% YoY, bringing the total number of global accounts to 2.4 million. During the quarter, the company added 59,200 new funded clients, marking a 51.4% YoY increase. For the full year 2024, UP Fintech added 187,400 new funded accounts, exceeding its annual guidance. As of the end of 2024, total funded clients reached 1,092,000, up 20.7% YoY. Supported by active market trading in the fourth quarter, total trading volume of the Company increased 142.2% YoY to US$198 billion. Net asset inflows from both individual and institutional clients reached US$1.1 billion during the quarter, while total client assets grew 36.4% YoY to a record high of US$41.7 billion.
Driving global expansion with dual focus on retail and institutional growth
Strengthening Singapore HQ, Accelerating Wealth Management for HNWIs and Family Offices
UP Fintech’s founder and CEO, Wu Tianhua, stated, “Over the past year, we achieved strong growth across all business lines, with record-high revenue and profitability in both Q4 and full-year 2024—Q4 non-GAAP net income attributable to UP Fintech shareholders was nearly 28 times higher than the prior year. Over the past three years, funded clients and total client assets have achieved CAGRs of 17.5% and 34.7% respectively, demonstrating our deepening market penetration and the continued trust and support of our global clients—key drivers of our long-term success.”
“2024 marked the Company’s 10th anniversary. With expansion into Singapore, Hong Kong, New Zealand, Australia, and the US, our global strategy drove total client assets to a record US$41.7 billion and users past 10 million. Singapore, as the Group’s headquarters, remains our largest market in terms of both new and existing clients. Hong Kong’s client assets grew by double digits as of the end of February 2025 compared to the end of 2024. Over the past year, we have rapidly expanded our business, with retail brokerage, institutional brokerage, wealth management, investment banking, and corporate services working in synergy. Beyond retail investors, we continue to earn the trust of high-net-worth and institutional clients, with retail and institutional businesses each now accounting for half of the Group’s total client assets. Looking ahead, we will continue to drive growth through our strategy of expanding markets, products, and services. We aim to meet the diverse needs of individual and institutional investors with broader offerings, fast onboarding, multi-asset trading, and tailored solutions powered by our all-in-one management platform.”
Singapore strengthens leading position with record-high annual trading volume and commission
Hong Kong full-year account openings up 48%, Obtained virtual asset exchange license
In 2024, the Company continued to broaden the reach of its globalisation strategy, increasing overall market share and enhancing brand recognition. Singapore, the Company’s headquarters, further solidified its leading position locally, delivering outstanding performance throughout the year. For the full year 2024, both total trading volume and commission income hit new records, increasing 196% and 66% YoY respectively. Net asset inflows climbed 119% YoY. The fourth quarter set new records as well, with total trading volume and commission income surging 415% and 158% YoY, respectively. Trading activity across stocks, options, and futures hit all-time highs across multiple indicators in Q4. US and Singapore stock trading volumes grew by 165% and 81% YoY, respectively, while US stock options and futures trading volumes increased by 267% and 646% YoY. Alongside these achievements, the Cash Boost trading account—designed specifically for the Singapore market to provide investors with flexible wealth management and efficient trading—doubled its account openings QoQ in the fourth quarter. Launched in partnership with a local licensed institution*, the Tiger BOSS Debit Card—Singapore’s first debit card offering fractional shares as rewards for everyday spending—saw card activations increase by over 30% QoQ during the quarter. To further expand its high-quality client base, Tiger introduced the High-Touch (Agency) Sales Module in November. Through enhanced customer onboarding, seamless trading experience and advanced risk management capabilities, the platform delivers more professional and personalized wealth management services to high-net-worth clients and institutional investors in Singapore, helping them achieve efficient asset allocation and long-term wealth growth.
The Hong Kong market continues to show strong growth momentum, with account openings rising by 48% YoY in 2024. In the fourth quarter, Hong Kong client assets increased by approximately 50% QoQ and surged sixfold YoY. Hong Kong stock trading activity increased significantly during the quarter, with trading orders and volume increasing by 62% and 90% YoY, respectively; US stock options trading volume increased by 80% QoQ. Entering 2025, driven by the recovery of the Hong Kong stock market, total client assets in Hong Kong had already achieved double-digit growth by the end of February compared to the end of 2024. Meanwhile, virtual asset trading by Hong Kong users picked up notably in Q4, with cryptocurrency trading orders doubling QoQ and trading volume increasing fourfold. Recently, the Company’s wholly-owned subsidiary, YAX (Hong Kong) Limited, received Type 1 (dealing in securities) and Type 7 (automated trading service) licenses from the Hong Kong Securities and Futures Commission (SFC). As an officially licensed virtual asset trading platform operator in Hong Kong, YAX now offers local clients with a seamless, one-stop asset management experience, providing both custody and trading services for cryptocurrencies. In addition, the Company won multiple prestigious industry accolades in Hong Kong during the fourth quarter. In particular, the Chicago Mercantile Exchange Group recognized the Company as both “Key Broker Partner 2024” and “Futures and Options Nurturer 2024”. Tiger’s industry leadership was further highlighted at the SGX-Phillip Nova Appreciation and SGX Derivatives Awards, where it was named one of the “Top 5 Chinese Futures Brokers for SGX China Index Derivatives” and one of the “Top 3 Chinese Futures Brokers for SGX Nikkei 225 Index Derivatives.”
In the US, TradeUP delivered strong performance across multiple business areas, maintaining steady growth. In the fourth quarter, supported by an exceptional trading experience, stock trading activity continued to climb, with trading volume from local clients up 38% QoQ. Options trading showed explosive growth, with trading volume and the number of contracts traded increasing by 384% and 215% respectively QoQ, highlighting TradeUP’s competitiveness and strong brand recognition in the options markets. Additionally, through its professional services and a solid market foundation, TradeUP saw a 15% QoQ growth in local customer assets, steadily expanding its market share. Moreover, TradeUP won the “Best Brokerage for Day Trading” at the Benzinga Global Fintech Awards for the second consecutive year, reaffirming its industry-leading position in efficient trading, outstanding execution, and superior user experience.
In Australia, UP Fintech achieved significant growth across key business metrics. During the fourth quarter, new account openings increased 148% YoY, while the number of first-time funded accounts rose 243.6% YoY, nearly doubling QoQ. Total first time funding amount also rose by 253.1% YoY and 151.1% QoQ – underscoring Tiger’s growing recognition and strong momentum in the Australian market. On the product side, A-Share Connect trading is now available in Australia, enabling local investors to easily access high-quality mainland Chinese stocks, further lowering the barriers for international investors to participate in the A-share market. Thanks to its outstanding trading experience and continuous innovation in financial services, the Company was also honored with the title of “Best Trading Platform Australia 2024” at the Global Banking & Finance Awards in the fourth quarter.
In New Zealand, the Company continued to expand its high-quality customer base, achieving strong growth in client assets during the fourth quarter. Total deposits increased by 272.8% YoY and 41.8% QoQ. Meanwhile, trading activity remained buoyant, with the number of trading accounts and total trading volume up by 120.2% and 111% respectively YoY. US stock trading was particularly strong, with orders for US stocks and US stock options up by 188.3% and 153.6% respectively YoY. For the full year 2024, total deposits in the New Zealand market increased 100.3% YoY, while the number of trading accounts and total trading volume grew 102.7% and 108.8% YoY, respectively.
Wealth AUC nearly doubles YoY, Institutional business widely recognized
Hong Kong IPO subscriptions up by over six times QoQ
In the fourth quarter, UP Fintech’s commission income reached US$56 million, up 35.8% QoQ and 154.9% YoY. Interest-related income amounted to US$58.5 million, an increase of 35.7% YoY. In 2024, the Company recorded US$159 million in commission income, up 71.8% YoY, while interest-related income reached US$203 million, a 25.8% YoY increase. The Company continued to enhance the one-stop global investment experience for clients. On the product side, options trading features were further upgraded, now supporting rollover of multi-leg options position, enabling investors to adjust their strategies flexibly based on market trends while improving the safety and efficiency of their capital usage. Additionally, new tools tailored for options sellers, such as Quota Calculator and Positions Calendar, were launched, along with a Top 0DTE (Zero Days to Expiration) Options leaderboard to help users quickly identify active options on trending stocks. Trading functions also saw improvements. A new “24 hour” trading option was added for US stocks, enabling investors to trade around the clock and better capture market opportunities while managing volatility. In the Wealth Section, our ETF Mall launched a new curated list of beginner-friendly US ETFs across various themes, helping users diversify their portfolios with ease.
Recently, TigerGPT, the industry’s first AI-powered investment assistant, completed a major upgrade, harnessing world-leading AI technology to deliver more accurate, in-depth market insights and support smarter, more efficient decision-making. After the upgrade, weekly user interactions increased by over 1,000%. As of February 2025, TigerGPT has served over 112,000 users globally, with more than 1.17 million conversations completed.
In the fourth quarter, the Hong Kong IPO market experienced explosive growth, with the number of subscribers increasing sixfold from the previous quarter, exceeding the total of the first three quarters of the year. The total amount of subscriptions increased by 4,123.9% QoQ, about 5.5 times the total of the first three quarters. Within the industry, we took the lead by introducing “100x leverage for all” for Hong Kong IPO subscribers. In addition, the Company promoted the “0 interest, 0 commission”** Hong Kong IPO subscription offers, truly maximising investors’ returns.
In the fourth quarter, wealth management assets under custody (AUC) from the retail side rose 98.3% YoY, with the non-money market fund assets and client numbers up 113.8% and 47.7% YoY, respectively. Among all newly funded accounts in Q4, the wealth user penetration rate reached 23%, reflecting strong client recognition of Tiger’s wealth management services. Meanwhile, we continue to enhance Tiger Wealth, upgrading the Notes section with new curated lists such as Trending Focus, Concept Portfolio, Asset Class Tracking and Conservative Focus, while expanding its offerings of complex financial products through additional structured products to meet diverse risk profiles and investment needs. Amid growing interest in Greater China investments, Tiger Wealth introduced a high-performing HKD money market fund managed by a leading Hong Kong fund house to the Singapore market, helping local investors optimize cash yields and liquidity management. In addition, we rolled out more FCN products tailored to the trading preferences of Singapore’s high-net-worth clients, further enriching their investment options.
TradingFront Turnkey Asset Management Platform (TAMP) continues to earn broad recognition from institutional clients through ongoing feature enhancements and high-quality service. The platform focuses on delivering highly customised account solutions, seamless online account opening, and multi-market, multi-asset trading support to help clients diversify their portfolios. In the fourth quarter, TradingFront’s AUC increased 33% QoQ, with the number of fixed investment accounts up 11% QoQ and structured products trading volume rising 66% QoQ. These results further reinforce TradingFront’s strong competitive position in the market.
Ranked fifth in the annual Hong Kong IPO underwriting rankings
ESOP SaaS platform achieved first full-year profitability
In the fourth quarter, our investment banking business participated in 8 US IPO projects, including Pony.ai, WeRide, and FlashEx, further demonstrating Tiger’s deep expertise and growing influence in the US IPO market. At the same time, we underwrote 9 Hong Kong IPOs, including InnoScience, MINIEYE, MGP Beauty and Dmall. With its professional underwriting services and extensive market coverage, Tiger ranked fifth in the Hong Kong stock brokerage ranking for margin financing. In 2024, the Company continued expanding its investment banking business, with the number of underwritings increasing 33% YoY. The Company ranked fifth in the Hong Kong IPO underwriting rankings, completing 32 IPOs over the year.
UP Fintech’s Employee Stock Ownership Plan (ESOP) platform, or UponeShare, added 16 new enterprise clients during the fourth quarter, bringing the total number of serviced enterprises to 613. In 2024, revenue from the ESOP SaaS platform grew 42.1% YoY, achieving annual net profit for the first time. Driven by strong client recognition and a high willingness for long-term cooperation, the Company secured 189 signed orders, with repeat orders accounting for 58.2% of the total and repeat order revenue increasing 140% YoY.
The Company added 11 new enterprise account clients during the quarter, including WeRide and COL, bringing the total number of corporate accounts to 466. During the quarter, the Company also collaborated with Li Auto to broadcast AI Talk, engaging in discussions around AI development to enhance consumer awareness of the brand. Additionally, Tiger partnered with the flagship community program “Real Trading Face to Face”, featuring an in-depth conversation between content creator “Tang Jie” and Cheetah Mobile’s CFO, exploring key highlights of Cheetah Mobile’s AI and robotics business. Furthermore, we organised investor research events for NetEase Youdao and Cheche Technology, providing insights into industry trends, technological innovations, and investment opportunities to support informed decision-making.
*Tiger Brokers (Singapore) Pte Ltd has partnered with a local licensed partner to provide card issuance and account issuing services.
**0 commission for cash subscriptions and subscriptions with 10x leverage or below, and 0 interest on margin financing subscriptions.
About UP Fintech
The post UP Fintech: Record-High Quarterly and Full-Year Revenue and Profit; Q4 Net Income Up Nearly 28x YoY; Global Client Assets Reach US$41.7 Billion appeared first on News, Events, Advertising Options.
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