【Lianwen】A European trading platform has released its Q3 financial report, and the crypto business data is quite interesting—revenue surged to $3.97 billion (from just $1.4 billion last year), but costs also skyrocketed to $3.89 billion, almost rendering it a wash. Even more awkwardly, they posted a net loss of over $18 million from crypto derivatives trading. However, looking at their business expansion, this platform is definitely making efforts. This year, they aggressively promoted crypto services in the U.S. market, increasing supported cryptocurrencies from 3 to 110, and added staking features for Cardano, Ethereum, and Solana. The results were immediate—new account openings this year already exceeded the total for all of 2024. Last month’s trading data was also impressive: transaction counts increased by 84% year-over-year, and trading volume grew by 52%. The platform overall is profitable, with a net profit of $56.8 million in Q3, and assets under management soared to $20.5 billion, up 73% year-over-year. In short, it’s a typical case of