Exness discloses $3.86 trillion monthly trading volume, marking a significant increase from the previous month’s figures.
Exness discloses $3.86 trillion monthly trading volume, marking a significant increase from the previous month’s figures.
Exness has announced a significant uptick in its monthly trading volume for March, reaching an impressive $3.86 trillion. This marks a notable recovery from the previous month’s figures, which stood at $3.53 trillion, indicating a robust monthly increase of 9.3 percent.
Despite this encouraging rebound, March’s trading volumes remained slightly lower than the $3.87 trillion reported in January. Moreover, the figures remained relatively flat compared to the same period last year, with March 2023 recording a similar volume of $3.88 trillion.
Operating on a global scale, Exness has been actively expanding its services in emerging markets, particularly in regions like Asia, Africa, and Latin America. The brokerage, headquartered in Cyprus, recently secured licenses in South Africa and Kenya while also establishing a presence in Latin America by opening an office in Uruguay.
The platform witnessed a peak in trading demand last October, with volumes reaching $4.8 trillion. However, this exceptional demand could not be sustained, as subsequent months saw a correction to $3.94 trillion in November and $3.61 trillion in December.
Exness has experienced exponential growth in trading volume over the years, with milestones including crossing the $1 trillion mark in October 2021, $2 trillion in March 2022, $3 trillion in February 2023, and $4 trillion in August 2023. Although March’s volume fell short of the peak, the number of active clients on the platform surged to a record high of 836,873, marking a month-over-month increase of 9.2 percent.
Remarkably, despite fluctuations in trading volume, the platform has consistently witnessed an upward trend in the number of active clients. However, it’s noteworthy that two key executives have departed from Exness in recent months. Damian Bunce, the former Chief Customer Officer, resigned in February and has since assumed the role of CEO for Middle Eastern operations at GTN. Similarly, Elena Krutova, who served as Chief Administrative Officer at Exness, has transitioned to a position in a pharmaceutical company.
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