Summary by Moomoo AI
Nu Holdings Ltd., operating under the ticker NU.US, has released its unaudited interim condensed consolidated financial statements as of June 30, 2024. The report includes detailed financial data such as interest income, fee and commission income, operating expenses, and earnings per share. The company's CEO, acting as the Chief Operating Decision Maker (CODM), reviews the consolidated financials, considering the entire group as a single operating and reportable segment. Nu Holdings has launched a cryptocurrency trading platform through its subsidiary Nu Crypto Ltda., which allows customers to trade crypto assets. However, due to the SEC's Staff Accounting Bulletin No. 121 (SAB 121), the company has not recognized the crypto assets held for customers as an asset and liability on its balance sheet. The fair value of these crypto assets as of June 30, 2024, is reported at $275,196.
