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Crypto

Gen Z shows clear preference for ETFs over individual stocks, keeps distance from high-risk investments

Gen Z is rapidly increasing its share of exchange-traded fund (ETF) trading over individual stocks on Binance, while showing lower trading frequency and leverage use than other age groups, Binance Research found. As of early August, ETFs accounted for 25 percent of Gen Z’s stock-related trades. The ETF share of Gen Z stock funds rose from 18.5 percent in June to 21.9 percent in July, while individual stocks fell. The tokenised stock market also continued to grow.

AI & Enterprise

ITCEN Global posts first-half revenue of 5.58 trillion won, operating profit 107.5 billion won

ITCEN Global said on Aug. 13 its consolidated first-half revenue totalled 5.58 trillion won, up about 92 percent from a year earlier. The company said growth was supported by balanced gains in its Web3 and IT services businesses, including units such as Korea Gold Exchange, ITCEN CTS and ITCEN ENTECH. Operating profit rose 94 percent to 107.5 billion won and net profit increased 153 percent to 109.8 billion won.