| Derivative financial assets and liabilities |
12.Derivative financial assets and liabilities | | | | | | | | | | | Notional | | Notional | | | | | | | amount | | amount | | Assets | | Liabilities | | | Buy | | Sell | | | | | Derivatives carried at fair value: | | | | | | | | | Crypto structured products | | | | | | | | | | | | | | | | | | December 31, 2025 | | | | | | | | | To customers | | | | | | | | | Call option | | — | | 2,325 | | — | | 16 | Put option | | — | | 843 | | 6 | | — | Call option - dual currency | | — | | 13,497 | | — | | 26 | Put option - dual currency | | — | | 22,817 | | 268 | | — | | | | | | | | | | To related party | | | | | | | | | Call option | | — | | 2,325 | | 16 | | — | Put option | | — | | 843 | | — | | 6 | Call option - dual currency | | — | | 13,497 | | 26 | | — | Put option - dual currency | | — | | 22,817 | | — | | 268 | | | — | | 78,964 | | 316 | | 316 | | | | | | | | | | 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 | | | | | | | | | | January 1, 2024 | | | | | | | | | To customers | | | | | | | | | Call option | | — | | 1,447 | | — | | 4 | Put option | | — | | 2,008 | | 16 | | — | | | | | | | | | | To related party | | | | | | | | | Call option | | — | | 1,447 | | 4 | | — | Put option | | — | | 2,008 | | — | | 16 | Total | | — | | 6,910 | | 20 | | 20 |
The Group entered into BTC and ETH options and dual currency product 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 and dual currency product with its related parties. Management has no intention to hold these derivatives for more than one year and option varies from 1-86 days (2024: 3-178 days) till maturity as of December 31, 2025.
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