Futu gains on earnings beat as crypto surge, market turmoil fuel 20% U.S. trading jump

[stock market]
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Futu Holdings (NASDAQ:FUTU [https://seekingalpha.com/symbol/FUTU]) rose 5% in premarket trading on Wednesday after beating quarterly earnings estimates, as trade policy-driven market volatility and a wave of high-profile IPOs lifted retail investor sentiment in Hong Kong.

The U.S. market also recorded solid growth.

Total trading volume in the second quarter of 2025 increased by 121.2% year-over-year to HK$3.59 trillion, in which trading volume for U.S. stocks was HK$2.70 trillion and trading volume for Hong Kong stocks was HK$833.5 billion, the company said [https://seekingalpha.com/news/4487292-futu-holdings-gaap-epads-of-232-beats-by-057-revenue-of-6766m-beats-by-6024m].

Total client assets increased 68.1% year-over-year to HK$973.9 billion as of June 30, while the daily average client assets were HK$895.6 billion in the second quarter, an increase of 59.9% from the same period a year ago.

“The market turmoil in April and the surge of crypto names following favorable policy developments sparked trading interests. U.S. stock trading volume grew 19.7% sequentially to HK$2.70 trillion, led by EV and crypto names," Leaf Hua Li, Futu’s CEO said.

MORE ON FUTU HOLDINGS

* Futu Holdings: A High-Growth Fintech Stock Reaching New Highs [https://seekingalpha.com/article/4801348-futu-holdings-a-high-growth-fintech-stock-reaching-new-highs]
* Futu: In A Bull Rush, Buy The Brokerage That Sells Shovels [https://seekingalpha.com/article/4793066-futu-in-a-bull-rush-buy-the-brokerage-that-sells-shovels]
* Futu Holdings Limited (FUTU) Q1 2025 Earnings Conference Call Transcript [https://seekingalpha.com/article/4790937-futu-holdings-limited-futu-q1-2025-earnings-conference-call-transcript]
* Futu Holdings GAAP EPADS of $2.32 beats by $0.57, revenue of $676.6M beats by $60.24M [https://seekingalpha.com/news/4487292-futu-holdings-gaap-epads-of-232-beats-by-057-revenue-of-6766m-beats-by-6024m]
* Futu Holdings Q2 2025 Earnings Preview [https://seekingalpha.com/news/4487071-futu-holdings-q2-2025-earnings-preview]