Broker News: Exness Reports 11% MoM Gain in June Trading Volume

The total trading volume for the month came in at $861.7 billion.

026, Aug 2021

Exness, a major forex and CFDs brokerage platform, has published its trading statistics for the month of June, showing recovery in demand after a couple of months of correction from the peak.

The platform reported a total trading volume of $861.7 billion for the month, which is almost 11 percent higher than the previous month’s $778.3 billion.


 

Additionally, it is the second-highest monthly volume reported by the broker and is only slightly behind the peak it achieved in March this year with $930.6 billion.

Exness was established in 2008 and expanded its business in Europe before entering other regions. The broker is now heavily focused on emerging markets of Asia and Africa. The company even secured a South African regulatory license for brokerage operations, Finance Magnates reported earlier this year.

Similar to any other broker, Exness’ volumes zoomed-in March 2020 with the pandemic induced market volatility, but only to correct sharply in the next couple of months. However, a steady uptrend has been seen in trading activities since May last year. Source