MARGIN LENDING AND TRADE PAYABLES

9 Months Ended

Dec. 31, 2023

Accounts Payable [Abstract]

MARGIN LENDING AND TRADE PAYABLES

MARGIN LENDING AND TRADE PAYABLES

As of December 31, 2023, and March 31, 2023, margin lending and trade payables of the Group were comprised of the following:

	December 31, 2023		March 31, 2023
Margin lending payable	$	120,034	$	117,144
Payables to merchants	16,152		382
Payables to suppliers of goods and services	6,683		2,965
Trade payable for securities purchased	479		482
Other	2,456		1,927
Total margin lending and trade payables	$	145,804	$	122,900

As at December 31, 2023, and March 31, 2023, margin lending payable due to a single related party was $227 or 0% of total margin lending payable and $3,239 or 3% of margin lending payable, respectively.

The fair value of collateral by the Group under margin loans as of December 31, 2023, and March 31, 2023 was $777,616 and $164,861, respectively.