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Consolidated Statements of Financial Position - USD ($)
Dec. 31, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 270,728,008 $ 372,340,353
Cash and cash equivalents segregated under federal and foreign requirements 939,232,153 621,802,114
Receivables from brokers, dealers, and clearing organizations 262,093,040 60,717,238
Receivables from customers, net 301,107,428 14,877,829
Prepaid expenses and other current assets 50,344,836 67,403,943
Customer-held fractional shares 108,252,531 45,528,829
Total current assets 1,931,757,996 1,182,670,306
Right-of-use assets 66,293,751 11,907,557
Property and equipment, net 33,629,770 34,298,383
Intangible assets, net 19,415,963 21,397,953
Goodwill 5,197,438 5,197,438
Deferred tax assets 12,374,499 4,646,193
Other 19,301
Total non-current assets 136,911,421 77,466,825
Total assets 2,068,669,417 1,260,137,131
Liabilities, mezzanine equity, and shareholders’ equity    
Payables due to customers 1,378,625,130 624,728,444
Payables due to brokers, dealers, and clearing organizations 1,490,537 2,661,653
Lease liabilities - current portion 4,969,959 3,474,199
Accounts payable and other accrued expenses 61,079,799 49,650,338
Total current liabilities 1,446,165,425 680,514,634
Lease liabilities - non-current portion 10,438,555 9,594,373
Deferred tax liabilities 5,292,255 5,771,900
Total non-current liabilities 15,730,810 15,366,273
Total liabilities 1,461,896,235 695,880,907
Commitments and contingencies (Note 24)
Mezzanine equity    
Total mezzanine equity 2,861,748,733 2,326,363,413
Shareholders’ deficit    
Treasury shares (4,224,356 and 6,454,198 shares as of December 31, 2024 and 2023, respectively)
Additional paid in capital
Accumulated deficit (2,241,066,624) (1,755,921,317)
Accumulated other comprehensive loss (15,195,946) (6,859,801)
Total shareholders' deficit (2,256,248,639) (1,762,767,410)
Noncontrolling interest 1,273,088 660,221
Total deficit (2,254,975,551) (1,762,107,189)
Total liabilities, mezzanine equity, and total deficit 2,068,669,417 1,260,137,131
Convertible Redeemable Preferred Shares    
Mezzanine equity    
Total mezzanine equity 2,861,748,733 2,326,363,413
Class A Ordinary Shares    
Shareholders’ deficit    
Ordinary shares, value 13,931 13,708
Class B Ordinary Shares    
Shareholders’ deficit    
Ordinary shares, value