v3.25.2
Derivative contracts
6 Months Ended
Jun. 30, 2025
Derivative contracts  
Derivative contracts

8.Derivative contracts

    

As of December 31, 2024

    

As of June 30, 2025

Initial net

Fair value

Carrying

Initial net

Fair value

Carrying

    

investment

    

changes

    

amount

    

investment

    

changes

    

amount

Financial structured product denominated in digital assets

 

70,029

 

(95)

 

69,934

 

67,520

 

1,250

 

68,770

The following table sets forth the fair values of derivative contracts by the Group as the end of the reporting period:

    

As of

    

As of

December 31,

June 30,

2024

2025

BTC

 

43,618

 

23,404

ETH

 

3,099

 

5,352

USDS (Note)

 

7,533

 

10,553

USDC

 

182

 

537

USDT

 

15,502

 

28,924

 

69,934

 

68,770

Note:

USDS is a cryptographic blockchain-based digital information unit token issued by the Group and only used in Group’s platform. Each USDS is equivalent to US$1.