Exness Reports 9% Dip in February Trading Volumes despite Rise in Active Traders

Exness Reports 9% Dip in February Trading Volumes despite Rise in Active Traders

Time Stamp: March 7, 2024 11:38 AM
Exness Reports 9% Dip in February Trading Volumes despite Rise in Active Traders PlatoBlockchain Data Intelligence. Vertical Search. Ai.

The forex and Contract for Difference broker Exness
experienced a 9% decline in client trading volumes for February at $3.534 trillion
compared to $3.868 trillion reported in January.

This shift in trading activity occurred despite an
increase of 6% in the number of active clients. In February, Exness had 766,534
active traders, compared to 722,452 traders in January.

Recently, Exness disclosed its trading metrics for January, revealing a significant surge in trading volume and a record number of
active clients. The company’s trading volume for January marked a notable 7%
increase from the previous month.

This surge in demand happened after two consecutive
months of slowdown, reflecting a robust market response to Exness‘ offerings.
The latest figures in trading volume indicate a substantial year-over-year
increase, with an improvement of 37% compared to January last year.

Source: Exness

Exness set a record in October with trading volumes exceeding $4.8 trillion. This represents a surge of 90% compared to the
volumes reported in the previous year. Surpassing the previous record of $4.5 trillion set
in August, the broker marked the third consecutive month of trading volumes around the $4
trillion mark in October.

Exness’ success isn’t confined to European markets
alone; its extensive presence in emerging markets across Asia, Africa, and
Latin America has significantly contributed to its soaring trading volume. The
company holds licenses in South Africa and Kenya.

Exness’ Global Presence

Exness, headquartered in Cyprus, has expanded its
presence globally, particularly in emerging markets across Asia, Africa, and
Latin America. The company’s approach to expansion includes obtaining
licenses in key markets like South Africa and Kenya, as well as establishing
physical offices in strategic locations such as Uruguay.

Meanwhile, Damian Bunce, Exness’ Chief Customer
Officer, recently announced his departure from the company after close to 3.5
years of service. His professional journey spans Saxo Bank, Sberbank, Barclays, Goldman
Sachs, and Barings.

Damian Bunce’s resignation from Exness marked a
pivotal moment for the company. Drawing parallels to his days at Goldman Sachs,
Bunce acknowledged the highs and lows, emphasizing the exceptional growth
trajectory experienced during his tenure.

The forex and Contract for Difference broker Exness
experienced a 9% decline in client trading volumes for February at $3.534 trillion
compared to $3.868 trillion reported in January.

This shift in trading activity occurred despite an
increase of 6% in the number of active clients. In February, Exness had 766,534
active traders, compared to 722,452 traders in January.

Recently, Exness disclosed its trading metrics for January, revealing a significant surge in trading volume and a record number of
active clients. The company’s trading volume for January marked a notable 7%
increase from the previous month.

This surge in demand happened after two consecutive
months of slowdown, reflecting a robust market response to Exness‘ offerings.
The latest figures in trading volume indicate a substantial year-over-year
increase, with an improvement of 37% compared to January last year.

Source: Exness

Exness set a record in October with trading volumes exceeding $4.8 trillion. This represents a surge of 90% compared to the
volumes reported in the previous year. Surpassing the previous record of $4.5 trillion set
in August, the broker marked the third consecutive month of trading volumes around the $4
trillion mark in October.

Exness’ success isn’t confined to European markets
alone; its extensive presence in emerging markets across Asia, Africa, and
Latin America has significantly contributed to its soaring trading volume. The
company holds licenses in South Africa and Kenya.

Exness’ Global Presence

Exness, headquartered in Cyprus, has expanded its
presence globally, particularly in emerging markets across Asia, Africa, and
Latin America. The company’s approach to expansion includes obtaining
licenses in key markets like South Africa and Kenya, as well as establishing
physical offices in strategic locations such as Uruguay.

Meanwhile, Damian Bunce, Exness’ Chief Customer
Officer, recently announced his departure from the company after close to 3.5
years of service. His professional journey spans Saxo Bank, Sberbank, Barclays, Goldman
Sachs, and Barings.

Damian Bunce’s resignation from Exness marked a
pivotal moment for the company. Drawing parallels to his days at Goldman Sachs,
Bunce acknowledged the highs and lows, emphasizing the exceptional growth
trajectory experienced during his tenure.

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