Thu, March 30, 2023

Exness Hits $3 Trillion in February Trading Volume.

Broker News

In February, Exness achieved a remarkable milestone by attaining an all-time high trading volume of over $3 trillion and surpassing 500K active customers!

This February, the broker shattered its previous trading record of $2.82 trillion set in January with a remarkable monthly figure of $4 billion! Compared to last year’s figures, this was double what it produced in February 2022, which was only at $1.5 trillion – proving how much growth and success the company has achieved over time.

In October 2021, Exness experienced an incredible milestone, with its monthly trading volume surpassing the $1 trillion mark. The following March, they achieved even greater success when their trading volume reached the remarkable $2 trillion threshold – and it’s stayed there! This achievement is extraordinary because Exness stands alone as a non-Japanese retail broker to meet these figures.

Although February’s crypto trading activity is relatively in line with prior years, the energy sector experienced a decline compared to 2022. Nevertheless, given the current state of our economy and its surrounding repercussions, we saw an exceptional surge of interest from customers seeking opportunities to trade Foreign Exchange Majors and other commodities.

Exness’ expansion drive continues.

Exness’ incredible global growth, particularly in burgeoning markets, has increased trading demand tremendously. In addition to its European headquarters, the broker opened an office across Asia. 

They were granted two regulatory licenses for South Africa and Kenya to solidify their presence on the continent. Most recently, they set up an office in Uruguay, pulling them further into Latin America.

The broker offers extensive instruments, including margin forex and CFDs in metals, cryptocurrencies, energies, stocks, and indices. However, it’s important to note that the number of available markets or assets may vary occasionally.

Although Exness had its most active month yet in February, other trading platforms observed a dip in total monthly volume due to the shorter month. Saxo reported $359.8 billion in turnover last month- a 4.2% decrease from January’s amount – but saw an improvement in average daily volumes, which climbed to $18 billion from the prior month’s figure of $17.1 billion.

YOU MAY ALSO LIKE

crypto

Is New York America’s most anti-crypto state? Crypto laws have long been

Oil prices and interesting details

Oil advanced for a third session as a pause in some exports

The Dollar Surges as Investors Anticipate greater rate hikes

The dollar held steady against most major peers, ending a recent slide,

COMMENTS

Leave a Comment

Your email address will not be published. Required fields are marked *

User Review
  • Support
    Sending
  • Platform
    Sending
  • Spreads
    Sending
  • Trading Instument
    Sending

BROKER NEWS

Robinhood Signs Modified Credit Agreement for $2.175 B

For the second time, RHS – a California-based broker-dealer – has amended its credit agreement with JP Morgan Chase and their banking syndicate, granting them access to an additional revolving credit facility totaling

BROKER NEWS

Broker News

Robinhood Signs Modified Credit Agreement for $2.175 B

For the second time, RHS – a California-based broker-dealer – has amended its credit agreement with JP Morgan Chase and their banking syndicate, granting them access to an additional revolving credit facility totaling $2.175