earning call special updates (earning call ended)

$UP Fintech (TIGR.US)$
1. gotten crypto license for New Jersey in USA.
2. custodian cost will go down over time as tiger gotten license to be custodian.
Q&A session:
1. Regarding PIPL news: before the law, tiger
had hired a lot of expert to evaluate the law and data protection, and had the high level of data protection on personal data. Tiger will continue to monitor and adjust to be compliance with the law.
2. average singaporean first time deposit is usd5000 which is higher than previous usd4000.
3. Singapore and Hong Kong will be focus of new customer acquisition. There is no huge acquisition plan for USA yet as the focus is on building the infrastructure. We are hopeful that next year we will hit 1m funded account.
4. monitoring market condition to determine the marketing for customer acquisition, marketing is reduced now.
5. with the HK license, tiger can tap into the HK resident and tiger can clear trade without using IBKR so the cost will reduce.
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