After reporting its best transaction volume in the retail broker’s history in March, Gaitame has uploaded its trading volume for the month of May, showing that volumes are returning back to levels before coronavirus.
As Finance Magnates reported, in March of this year, during peak volatility amid COVID-19, Gaitame posted a transaction volume of ¥553.4 billion ($5.1 billion) for the month. When measuring this against the previous month, transaction volume had increased by more than double, up 149.4 per cent.
In May, Gaitame has reported a transaction volume of ¥212.8 billion. When measuring this against the previous month, which had a transaction volume of ¥248.1 billion, transaction volume has fallen by 14.2 per cent.
Measuring May’s transaction volume against that achieved in March of 2020, last month’s volume has dropped by 61.5 per cent. However, it is worth pointing out that March’s transaction volume was a record for the broker and much higher than normal, driven by COVID-19 volatility.
Is it Time For Banks to Move Over And Create Space For Blockchain?Go to article >>
Therefore, to get an idea of May’s true performance, it is best to compare it on a yearly scale. Against May of 2019, which had a transaction volume of ¥185.7 billion, last month’s figure has actually grown by 14.6 per cent.
Deposit amount remains resilient on Gaitame
Taking a look at the deposit amount, in May, a total of ¥112.8 million was deposited on Gaitame. Unlike transaction volume, the deposit amount has actually risen on a monthly comparison by 0.1 per cent.
In fact, May’s deposit amount is higher than March’s figure of ¥112.7 million by around 0.1 per cent. Year-on-year, the deposit amount in May has managed to grow by 0.6 per cent.
The number of accounts reached 512,577 by the end of May, having increased by 1,300 accounts or by 0.3 per cent from the 511,277 held by Gaitame at the end of April.