FutuHoldings posted a 144% jump in third-quarter profit, riding a wave ofheightened trading activity in Hong Kong stocks and rapidexpansion in cryptocurrency markets.Theonline brokerage reported net income of HK$3.22 billion ($413.5 million)for the three months ended September 30, compared withHK$1.32 billion a year earlier. Revenue climbed 86% to HK$6.40billion ($822.9 million), according to results released today (Tuesday).Futuadded 254,000 funded accounts during the quarter, pushing itstotal to 3.13 million, a 43% increase from the prior year and almost10% compared to the Q2 2025. Hong Kong led client acquisitionsfor the fourth straight quarter as investors flocked toa resurgent initial public offering market and rallyingtechnology stocks.Hong Kong Drives Futu’sVolume SurgeTrading volumereached a record HK$3.90 trillion ($501.2 billion) during thequarter, up 105% from a year earlier. Hong Kong stocks accounted forHK$1.19 trillion ($152.9 billion) of that total, a 43% increase from theprevious quarter and the highest proportion since 2023."Wesaw clients quickly flocked to Hong Kong technology names whichoutperformed many of their U.S. counterparts," said Leaf Hua Li, Futu's Chairman and ChiefExecutive, in a statement.U.S. stocktrading held steady at HK$2.60 trillion ($334.2 billion),with options trading gaining traction. The number of optionstraders and contracts traded both posted double-digitsequential growth, the company said.In 2025, the company aimed to add 800,000 new clients. After the third quarter, it is just 100,000 short of that goal, making the target appear well within reach.Crypto Assets Soar“Cryptotrading volume soared 161% quarter-over-quarter, on the back of a 90%sequential increase in crypto assets and higher trading velocity,” Li added.Ethereum overtookBitcoin as the most-traded digital currency on Futu'splatforms, while newly launched Solana tokens in Hong Kong added tovolumes.Total clientassets rose to HK$1.24 trillion ($159.4 billion), up 79%year-over-year and 27% from the second quarter. Margin financing andsecurities lending balances climbed 23% sequentially to HK$63.1billion ($8.1 billion).IPO Pipeline DeliversFutu servedas joint bookrunner for several prominent third-quarter listingsin Hong Kong, including Chery Automobile, Hesai Group, andLens Technology. Twelve IPOs attracted more than HK$100 billion($12.9 billion) each in subscription volume on the company'splatform.Thebrokerage counted 561 IPO distribution and investor relationsclients at quarter-end, up 22% from a year earlier. Hong Kong'sIPO market raised $23.37 billion in the first nine months of 2025,triple the prior-year figure, according to London Stock ExchangeGroup data.Share BuybackAuthorizedFutu'sboard approved an $800 million share repurchase program running throughDecember 2027. The authorization replaces a previous buyback planset to expire. The company will fund repurchases from existingcash balances.Dilutedearnings per American Depositary Share came in atHK$22.80 ($2.93), compared with HK$9.42 ($1.121) a year earlier.Each ADS represents eight Class A ordinary shares.This article was written by Damian Chmiel at www.financemagnates.com.