v3.25.2
Derivative financial instruments
6 Months Ended
Jun. 30, 2025
Derivative financial instruments  
Derivative financial instruments

7.Derivative financial instruments

    

Notional

    

Notional

    

    

    

    

amount

amount

Assets

Liabilities

Buy

Sell

Derivatives carried at fair value:

 

  

 

  

 

  

 

  

Crypto structured products

 

  

 

  

 

  

 

  

December 31, 2024

 

  

 

  

 

  

 

  

To customers

 

  

 

  

 

  

 

  

Call option

 

7

 

34,141

 

1,554

 

2

Put option

 

 

3,873

 

 

20

To related party

 

  

 

  

 

  

 

  

Call option

 

7

 

34,141

 

2

 

1,554

Put option

 

 

3,873

 

20

 

 

14

 

76,028

 

1,576

 

1,576

June 30, 2025

 

  

 

  

 

  

 

  

To customers

 

  

 

  

 

  

 

  

Call option

 

35

 

15,014

 

4

 

1,592

Put option

 

10

 

4,852

 

1

 

To related party

 

 

 

 

Call option

 

35

 

15,014

 

1,592

 

4

Put option

 

10

 

4,852

 

 

1

 

90

 

39,732

 

1,597

 

1,597

The Group entered into BTC and ETH options with its customers, and as part of the Group’s risk management strategy, the Group also entered into bought identical similar back-to-back put and call BTC and ETH options with its related parties. Management has no intention to hold these derivatives for more than one year and option varies from 4 – 88 days (December 31, 2024: 3 – 178 days) till maturity.