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The income of a certain platform increased by 18% in Q2, while adjusted profits slightly declined by 7%.
On July 30, 【Block Rhythm】 stated that its revenue for the second quarter had a rise, but with the increase in market share, adjusted earnings saw a slight decline.
The company stated that its revenue for the second quarter rose 18% compared to the same period last year, reaching $412 million; due to the company's investments in new products and regional expansion, the adjusted pre-tax profit amounted to $79.7 million, a decrease of about 7% from $85.5 million.
The platform's total trading volume this quarter reached $186.8 billion, a year-on-year rise of 19%. The number of funded accounts grew by 37%, reaching 4.4 million.