Exness, a well-known brokerage company for trading currencies and contracts for difference, had a good month in March. They reported a trading volume of $3.86 trillion, back from $3.53 trillion in the previous month. This was a good increase of 9.3%.
While March’s numbers were slightly lower than January’s $3.87 trillion, if you go back to March 2023, they’re about the same at $3.88 trillion.
Exness is a global company and is working hard to expand into new markets in Asia, Africa, and Latin America. They recently received licenses in South Africa and Kenya, and opened their first office in Latin America, in Uruguay.
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The largest trading volume they’ve ever seen occurred last October at $4.8 trillion. But after that, it fell slightly to $3.94 trillion, and then to $3.61 trillion in subsequent months.
Exness has grown significantly over the years. Things got worse in March 2020 when the pandemic hit, but then things started to improve. They reached $1 trillion in October 2021, $2 trillion in March 2022, $3 trillion in February 2023, and then a whopping $4 trillion in August 2023.
The good news is that while the latest numbers are not as high as the peak, they have reached a record 836,873 active traders on the platform. This is 9.2% more than in the previous month. Interestingly, even though trading volumes rise and fall, the number of people actively trading continues to grow.
