Wed, May 22, 2024

Exness March Trading Surges, Active Users at All-Time High

Broker News

March saw Exness’s trading volume soar to $3.86 trillion, marking a 9.3% rise from February’s $3.53 trillion. Despite this uptick, the figures barely fell short of the $3.87 trillion in January. Yearly comparison reveals a steady state, with March’s numbers mirroring the $3.88 trillion of March 2023. 

Expanding its reach, Exness, rooted in Cyprus, has ventured into markets across Asia, Africa, and Latin America, securing licenses in South Africa and Kenya and establishing a foothold in Uruguay.

October’s trading surge hit a pinnacle at $4.8 trillion, setting a high that subsequent months struggled to maintain, dipping to $3.94 trillion and then to $3.61 trillion. 

Yet, Exness has shown remarkable growth over time, bouncing back from a pandemic-induced slump in March 2020 and hitting significant milestones such as $1 trillion in October 2021, $2 trillion by March 2022, reaching $3 trillion in February 2023, and climbing past $4 trillion in August 2023.

A Record in Active Traders

The firm celebrated a milestone in active client engagement, with numbers peaking at 836,873, up by 9.2% from the previous month. This growth in active clients has shown consistency despite the fluctuating trading volumes.

In recent developments, Exness bid farewell to two key figures. Damian Bunce, the Chief Customer Officer, exited in February for a CEO position at GTN covering the Middle East. Elena Krutova, formerly Chief Administrative Officer, transitioned to a role in a global pharmaceutical company.

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