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    Exness:Exness Ends December 2021 with $1.24 Trillion in Trading Volume

    Abstract:The broker first touched the $1 trillion mark in October. Demand on the platform spiked by 84 percent year-over-year.
    Exness-office-Limassol.jpg

      Exness has ended another impressive month by keeping the monthly total trading volume above $1 trillion for three months in a row. For December, the retail broker has reported a total trading volume of $1.24 trillion, according to the official figures.

      Though the trading demand on the brokerage declined by almost 1.6 percent from the record it achieved in November, December remained the second-best month for the brokers operational history.

      On a year-over-year basis, the latest numbers from the broker strengthened by more than 84 percent, maintaining the steady uptrend in the demand.

      Exness first hit the $1 trillion monthly trading volume mark in October, becoming one of the very few retail brokers globally to achieve that milestone. However, demand on the platform has continuously risen since May 2020 with some pitfalls here and there, keeping the trajectory upward.

      Similar to the trading volume, the number of active clients on the forex and CFDs platform in December declined month-over-month but still was the second-best month for the broker. It ended the month with 237,325 active traders, which is again marginally lower than the previous month.

      

    A Global Broker

      

      Exness is headquartered in Cyprus and is operating globally with a number of locally obtained regulatory licenses. Though its primary market is Europe, the broker is focusing and expanding aggressively in lucrative Asian markets. It even gained a South African license last year, Finance Magnates reported.

      Furthermore, the broker revealed that the client withdrawals on its platform spiked in the last quarter of 2021. This figure came in at over $546 million, which is 16.1 percent higher than the previous month and almost double the withdrawals of Q4 of 2020.

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