Exness' July Trading Volume Hits Record $3.9 trillion

Exness’ July Trading Volume Hits Record $3.9 trillion

Time Stamp: August 11, 2023 3:51 AM
Exness' July Trading Volume Hits Record $3.9 trillion PlatoBlockchain Data Intelligence. Vertical Search. Ai.

The Cyprus-based multi-asset broker, Exness reported a
record surge in trading volume to USD $3.9 trillion in July. The amount
surpassed the previous high of USD $3.88 trillion reported in March. Exness’
growth was driven by the number of active clients in the company.

According to the
company’s statement, the retail FX and CFDs broker had the highest number of
active clients in July, as it reached 571,348. This number compares to 531,511
the company reported in June. Exness’ trading volumes and its number of active
users have grown consistently in the past few years.

Last year, Exness
reported an average monthly trading volume of USD $2.27 trillion. In March, the
volume surged above the USD $3 trillion mark for the first time, and Exness
reported an average trading volume of USD $3.24 trillion during the first half
of the year.

Besides that, Exness posted USD $1.31 billion in clients’ withdrawals in the second quarter and
over USD $100 million in partners’ rewards. The broker handled
about USD $1.32 billion in
withdrawals in the three-month period between April and June.

Meanwhile, Exness has
been expanding its operations globally in collaboration with expert traders. In
July, Finance
Magnates reported that
the broker had unveiled
Exness Team Pro, a program
that harnesses the influence of a group of accomplished international trading
experts who enjoy a huge following in their trading communities.

Global Expansion

During the unveiling,
Alfonso Cardalda, the Chief Marketing Officer at Exness, remarked: “The
talented individuals in Team Pro are the face and voice of our brand and our
trading community and a great example of collaboration across the entire
Exness ecosystem.”

Besides
that, a surge in trading volumes and the increase in the number of active users at Exness is partly
attributed to its expansion in emerging markets such as Africa. The broker has
obtained licenses to operate in South Africa and Kenya. In Latin America,
Exness has established an office in Uruguay.

The Cyprus-based multi-asset broker, Exness reported a
record surge in trading volume to USD $3.9 trillion in July. The amount
surpassed the previous high of USD $3.88 trillion reported in March. Exness’
growth was driven by the number of active clients in the company.

According to the
company’s statement, the retail FX and CFDs broker had the highest number of
active clients in July, as it reached 571,348. This number compares to 531,511
the company reported in June. Exness’ trading volumes and its number of active
users have grown consistently in the past few years.

Last year, Exness
reported an average monthly trading volume of USD $2.27 trillion. In March, the
volume surged above the USD $3 trillion mark for the first time, and Exness
reported an average trading volume of USD $3.24 trillion during the first half
of the year.

Besides that, Exness posted USD $1.31 billion in clients’ withdrawals in the second quarter and
over USD $100 million in partners’ rewards. The broker handled
about USD $1.32 billion in
withdrawals in the three-month period between April and June.

Meanwhile, Exness has
been expanding its operations globally in collaboration with expert traders. In
July, Finance
Magnates reported that
the broker had unveiled
Exness Team Pro, a program
that harnesses the influence of a group of accomplished international trading
experts who enjoy a huge following in their trading communities.

Global Expansion

During the unveiling,
Alfonso Cardalda, the Chief Marketing Officer at Exness, remarked: “The
talented individuals in Team Pro are the face and voice of our brand and our
trading community and a great example of collaboration across the entire
Exness ecosystem.”

Besides
that, a surge in trading volumes and the increase in the number of active users at Exness is partly
attributed to its expansion in emerging markets such as Africa. The broker has
obtained licenses to operate in South Africa and Kenya. In Latin America,
Exness has established an office in Uruguay.

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