Exness' March Trading Volume Touches $3.88T Setting Another Record

Thursday, 13/04/2023 | 06:34 GMT by Arnab Shome
  • The trading volume surpassed $3 trillion for the first time in February.
  • It ended the month with a record number of active traders.
exness

Exness, a Cyprus-headquartered Fx/CFDs broker, ended March with a record total trading volume of $3.88 trillion, which is a 27 percent uptick from the previous month, according to the officially published figures.

Growing Trading Volume on Exness

The latest total monthly volume was a significant jump when compared year-over-year. The figure shot up by more than 56 percent compared to $2.48 trillion in March 2022.

Exness’ start in 2023 has been excellent as it has set a new record each month over the past three months. In January, the total trading volume on the platform came in at $2.82 trillion, which was a record at the time. Its monthly volume surpassed $3 trillion for the first time in February, only to come close to $4 trillion last month.

A Record Number of Active Traders

A record in monthly volume was backed by a record number of active traders on the platform. As per the official numbers, Exness had 491,064 active clients in March who traded and conducted a balanced operation. The figures jumped significantly by over 11.5 percent from the previous month’s peak.

Exness offers trading services with margin forex and contracts of differences (CFDs) instruments of metals, cryptocurrencies, energies, stocks, and indices. However, the asset class and the number of instruments listed in different markets may vary. Demand on the platform has exploded since the spike during the pandemic.

Moreover, the brokerage platform maintained its growth by expanding aggressively into emerging markets. Apart from its European base, the broker established itself in emerging markets, especially in Asia. In addition, it obtained two regulatory licenses in Africa, one in South Africa and the other in Kenya, to fuel its growth in the continent. On top of that, it recently opened an office in Uruguay, marking its presence in Latin America.

Meanwhile, Exness witnessed a record amount of withdrawals in the first quarter of 2023, which came in at more than $1.35 billion. It was about 19.4 percent higher than the previous quarter’s $1.13 billion and only $870 million in the first quarter of 2022.

CySEC's warning and new features on Fortex's XForce; read today's news nuggets.

Exness, a Cyprus-headquartered Fx/CFDs broker, ended March with a record total trading volume of $3.88 trillion, which is a 27 percent uptick from the previous month, according to the officially published figures.

Growing Trading Volume on Exness

The latest total monthly volume was a significant jump when compared year-over-year. The figure shot up by more than 56 percent compared to $2.48 trillion in March 2022.

Exness’ start in 2023 has been excellent as it has set a new record each month over the past three months. In January, the total trading volume on the platform came in at $2.82 trillion, which was a record at the time. Its monthly volume surpassed $3 trillion for the first time in February, only to come close to $4 trillion last month.

A Record Number of Active Traders

A record in monthly volume was backed by a record number of active traders on the platform. As per the official numbers, Exness had 491,064 active clients in March who traded and conducted a balanced operation. The figures jumped significantly by over 11.5 percent from the previous month’s peak.

Exness offers trading services with margin forex and contracts of differences (CFDs) instruments of metals, cryptocurrencies, energies, stocks, and indices. However, the asset class and the number of instruments listed in different markets may vary. Demand on the platform has exploded since the spike during the pandemic.

Moreover, the brokerage platform maintained its growth by expanding aggressively into emerging markets. Apart from its European base, the broker established itself in emerging markets, especially in Asia. In addition, it obtained two regulatory licenses in Africa, one in South Africa and the other in Kenya, to fuel its growth in the continent. On top of that, it recently opened an office in Uruguay, marking its presence in Latin America.

Meanwhile, Exness witnessed a record amount of withdrawals in the first quarter of 2023, which came in at more than $1.35 billion. It was about 19.4 percent higher than the previous quarter’s $1.13 billion and only $870 million in the first quarter of 2022.

CySEC's warning and new features on Fortex's XForce; read today's news nuggets.

About the Author: Arnab Shome
Arnab Shome
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About the Author: Arnab Shome
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
  • 6342 Articles
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