Over the first nine months of 2022, Exness has had an average monthly trading volume of $2.20 trillion, more than double the $922 billion of 2021.
Before reaching $3 trillion in trading volume, it kept trading volume over $2 trillion for 11 months.
The platform’s trading volume increased from the previous year.
According to the retail multi-asset broker, Exness ended February with a record monthly trading volume of more than $3 trillion. The number of users actively using the trading platform reached a peak and surpassed 500,000.
Exceeds $3 Trillion in Monthly Trade Volume for Exness
The broker’s most recent monthly statistic exceeded its prior record for trading volume, which stood at $2.82 trillion and was set in January. The broker’s trading volume quadrupled year over year, reaching $1.5 trillion in February 2022.
The Exness monthly trading volume passed the $1 trillion threshold in October 2021, only to surpass the $2 trillion threshold in March of the following year. Since then, despite several ups and downs in demand, the broker has kept its trading volume over $2 trillion. It is the first retail broker outside of Japan to reach those figures.
“Our volumes reflect the healthy growth we see across all our internal management metrics, including high-value clients and partners; we also see good growth in a few of our new markets,” said Damian Bunce, Exness’ Chief Customer Officer, who recently transitioned from Chief Trading Officer to his current position.
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“In February, crypto volumes were fairly comparable with year averages, energy volumes were down from levels in 2022, but given the macroeconomic climate, we observed significant demand from our customers to trade FX Majors and Commodities,” the company said.
Further Growth by Exness
The worldwide expansion strategy of Exness, particularly in emerging areas, contributed to the rise in trading demand. The broker extended itself outside of its European base in emerging countries, particularly in Asia. To support its expansion on the continent, it has acquired two regulatory licences in Africa, one in Kenya and the other in South Africa. Moreover, it just established a footprint in South America by opening a branch in Uruguay.
The broker provides trading services using contracts for differences (CFDs) and margin FX for a variety of commodities, including equities, indices, cryptocurrencies, and metals. Nevertheless, the type of asset and the quantity of instruments offered may change between marketplaces.
While Exness had its highest demand in February, other trading platforms experienced lesser trading activity due to the shorter month. Another significant broker, Saxo, reported $359.8 billion in total trading activity for the previous month, a 4.2 percent decrease from the previous month. The average daily volume increased from $17.1 billion in the previous month to $18 billion on a daily basis.