Exness closed February with a file month-to-month buying and selling quantity of greater than $3 trillion, the retail multi-asset dealer knowledgeable Finance Magnates. The variety of lively prospects on the buying and selling platform additionally peaked, surpassing half one million.
The newest month-to-month determine revealed by the dealer has surpassed its earlier buying and selling quantity file of $2.82 trillion set in January. 12 months-over-year, the buying and selling quantity of the dealer doubled, because the determine was at $1.5 trillion for February 2022.
The month-to-month buying and selling quantity on Exness crossed the $1 trillion mark in October 2021, solely to maneuver previous the $2 trillion mark within the following March. Since then, the dealer has maintained its buying and selling quantity past $2 trillion regardless of many ups and downs in demand. It’s the solely non-Japanese retail dealer to realize these numbers.
“Our volumes replicate the wholesome development we see throughout all our inside administration metrics, together with high-value purchasers and companions; we additionally see good development in just a few of our new markets,” mentioned Exness’ Chief Buyer Officer, Damian Bunce, whose function was lately modified from Chief Buying and selling Officer.
“In February, crypto volumes had been fairly according to yearly averages, power volumes had been down in comparison with 2022 ranges, however given the macroeconomic atmosphere, we noticed substantial demand from our purchasers to commerce FX Majors and Commodities.”
Exness’ Growth Drive Continues
Exness’ growth drive globally, particularly in rising markets, fueled the expansion within the buying and selling demand. Aside from its European base, the dealer established itself in rising markets, particularly in Asia. It additionally obtained two regulatory licenses in Africa, one in South Africa and the opposite in Kenya, to gas its development within the continent. It additionally lately opened an workplace in Uruguay, marking its presence in Latin America.
The dealer affords buying and selling providers with margin foreign exchange and contracts of variations (CFDs) devices of metals, cryptocurrencies, energies, shares, and indices. Nevertheless, the asset class and the variety of devices listed in several markets might fluctuate.
Whereas demand on Exness peaked in February, different buying and selling platforms reported decrease buying and selling quantity because the month was shorter. Saxo, one other main dealer, reported $359.8 billion in whole buying and selling quantity final month, a month-over-month decline of 4.2 p.c. Nevertheless, the typical each day quantity strengthened to $18 billion from the earlier month’s $17.1 billion.
Exness closed February with a file month-to-month buying and selling quantity of greater than $3 trillion, the retail multi-asset dealer knowledgeable Finance Magnates. The variety of lively prospects on the buying and selling platform additionally peaked, surpassing half one million.
The newest month-to-month determine revealed by the dealer has surpassed its earlier buying and selling quantity file of $2.82 trillion set in January. 12 months-over-year, the buying and selling quantity of the dealer doubled, because the determine was at $1.5 trillion for February 2022.
The month-to-month buying and selling quantity on Exness crossed the $1 trillion mark in October 2021, solely to maneuver previous the $2 trillion mark within the following March. Since then, the dealer has maintained its buying and selling quantity past $2 trillion regardless of many ups and downs in demand. It’s the solely non-Japanese retail dealer to realize these numbers.
“Our volumes replicate the wholesome development we see throughout all our inside administration metrics, together with high-value purchasers and companions; we additionally see good development in just a few of our new markets,” mentioned Exness’ Chief Buyer Officer, Damian Bunce, whose function was lately modified from Chief Buying and selling Officer.
“In February, crypto volumes had been fairly according to yearly averages, power volumes had been down in comparison with 2022 ranges, however given the macroeconomic atmosphere, we noticed substantial demand from our purchasers to commerce FX Majors and Commodities.”
Exness’ Growth Drive Continues
Exness’ growth drive globally, particularly in rising markets, fueled the expansion within the buying and selling demand. Aside from its European base, the dealer established itself in rising markets, particularly in Asia. It additionally obtained two regulatory licenses in Africa, one in South Africa and the opposite in Kenya, to gas its development within the continent. It additionally lately opened an workplace in Uruguay, marking its presence in Latin America.
The dealer affords buying and selling providers with margin foreign exchange and contracts of variations (CFDs) devices of metals, cryptocurrencies, energies, shares, and indices. Nevertheless, the asset class and the variety of devices listed in several markets might fluctuate.
Whereas demand on Exness peaked in February, different buying and selling platforms reported decrease buying and selling quantity because the month was shorter. Saxo, one other main dealer, reported $359.8 billion in whole buying and selling quantity final month, a month-over-month decline of 4.2 p.c. Nevertheless, the typical each day quantity strengthened to $18 billion from the earlier month’s $17.1 billion.
