v3.25.2
Segment Reporting - Schedule of Presents Significant Expenses Provided to the CODM (Details) - Chief Operating Decision Maker (CODM) [Member] - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenues              
Total revenues $ 131,493,350 $ 89,895,888 $ 248,862,185 $ 178,831,608 $ 390,229,672 $ 389,602,570 $ 388,332,920
Segment expenses              
Brokerage and transaction 34,800,716 18,963,229 58,046,172 36,896,073 79,306,618 [1] 66,418,918 [1] 59,764,117 [1]
Technology and development 17,554,435 [2] 12,774,376 [2] 32,980,484 [2] 25,427,230 [2] 55,550,088 [1] 44,407,785 [1] 39,491,515 [1]
Marketing and branding 29,719,577 [2] 32,685,242 [2] 52,400,406 [2] 66,173,288 [2] 136,693,180 [1] 150,558,774 [1] 137,394,118 [1]
General and administrative 26,174,593 [2] 25,864,876 [2] 53,535,320 [2] 48,400,149 [2] 100,445,443 [1] 75,825,829 [1] 53,105,956 [1]
Other segment items 26,969,402 [3] 8,474,119 [3] 35,038,447 [3] 20,610,934 [3] 32,587,611 [4] 29,411,885 [4] 30,022,321 [4]
Total operating expenses per condensed consolidated statements of operations and comprehensive loss 135,218,723 98,761,842 232,000,829 197,507,674 404,582,940 366,623,191 319,778,027
Operating (loss) income (3,725,373) (8,865,954) 16,861,356 (18,676,066) (14,353,268) 22,979,379 68,554,893
Other expense, net 17,659,796 1,416,988 18,749,213 1,443,480 (2,302,693) 2,801,285 2,869,397
Provision for income taxes 6,999,777 1,397,200 13,558,002 4,112,661 13,823,355 16,140,571 32,211,527
Net (loss) income (28,384,946) (11,680,142) (15,445,859) (24,232,207) 23,182,152 (5,821,988) (50,077,626)
Equity and Option Order Flow Rebates [Member]              
Revenues              
Total revenues 68,688,838 43,316,935 132,800,020 87,229,052 197,069,562 192,232,715 278,981,134
Interest Related Income [Member]              
Revenues              
Total revenues 36,286,533 31,898,791 67,426,597 64,396,420 130,451,877 155,792,329 91,882,243
Handling Charge Income [Member]              
Revenues              
Total revenues 20,105,503 10,365,426 37,652,513 20,069,935 49,044,700 30,677,177 8,500,321
Other Revenues [Member]              
Revenues              
Total revenues $ 6,412,476 $ 4,314,736 $ 10,983,055 $ 7,136,201 $ 13,663,533 $ 10,900,349 $ 8,969,222
[1] Excludes share-based compensation. See Note 18 for operating expense allocation.
[2] Excludes share-based compensation. See Note 9 for operating expense allocation.
[3] Other segment items represent share-based compensation.
[4] Other segment items represent share-based compensation.