Capital.com, which offers forex and CFDs brokerage services, released its trading metrics for the first quarter of 2021, showing an excellent rise in activities. It reported the overall quarterly trading volume to be $82 billion, which is a gain of 78 percent from the previous quarter.
But, the most highlighted metrics remained the statistics of new clients. According to the broker, the number of quarterly new clients onboarding jumped by more than 233 percent when compared to the same figure in Q4 of 2020. This surge took the total number of traders on the platform to more than 2 million.
The figures echoed the growth reported by the platform in 2020 when the trading industry saw a boom due to the economic effects of Coronavirus.
Commenting on the metrics, Capital.com Chief Executive, Jonathan Squires said: “The extraordinary growth on the platform is testament to Capital.com’s ability to build a strong business that is responsive to wider changes. This is just the beginning for us.”
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“Looking ahead, we will continue to deliver solutions and services and make improvements to our platform to empower more people to trade with confidence and ease.”
Additionally, the multi-regulated broker highlighted that the total number of executed trades on the platform jumped by 240 percent in the quarter.
Though Capital.com established itself as a provider of traditional financial instruments, cryptocurrencies dominated last quarter. DOGEUSD, XRPUSD and ETHUSD, which are all crypto-fiat pairs, remained the top three traded pairs on the platform last quarter.
“Not all clients are allowed to trade cryptocurrency derivatives but in those markets where it is permissible, there has clearly been a growing interest in the fledgling asset class. However, the volumes traded in crypto derivatives by individual investors are still relatively small,” Squires added.