Like a Boss – Exness Breaks Previous Trading Volume Records
Another unprecedented monthly volume record for Exness FX. The Cyprus-headquartered company revealed an uptick in monthly trading volume surpassing the $2 trillion mark barely a week before the end of March. This is the highest monthly spike witnessed in the group’s 13-year history.
On a month-over-month basis, the number of active clients has consistently increased. The activity got off to a strong rebound as the financial markets kicked off the new year in high gear, with a multitude of factors helping steer volumes across several venues.
The Chief Trading Officer at Exness stated that different political ideologies and the increasing global inflation lie as the major effect affecting trading activity across different currencies and commodities.
The highlighted conditions could become common as the investors reinforce plenty of hurdles as the conflict between Russia and Ukraine has been causing knock-on effects globally, which pumped up FX hedging trades.
Exness FX garnered $1.51 trillion in trading volume in the month of January, $1.59 trillion in February, and now over $2 trillion a week before the end of March.
“With almost a week to go before the end of March, we understand Exness has already executed yet another volume record smashing the 2 trillion mark. The business is responding to geopolitical events, firstly the war in Ukraine which has created volatility across assets but in particular US Oil, and Gold, and in addition, a more hawkish federal reserve stance saw the Yen weaken vs the Dollar, so a lot of activity in these currencies related to the inflationary talk. We see an ongoing influx of new customers attracted to our trading conditions at a time when the markets provide opportunity,” Bunce Mentioned.
Crypto wayward
In 2022, investors are in a risk-off mood. They have collectively shown more interest in value-based investments and less in speculative stocks and alternative store of value investment.
The main reason for the stock trend wave is the step of the Federal Reserve’s plan to raise interest rates to combat levels of inflation.
From Bruce, the crypto volume decline being experienced globally gave traders an option to explore options in other assets.
“Crypto volumes (BTC in particular) have been downward for a few months across the industry in particular in March when traders have seen better opportunities in other assets,” the Chief Trading Officer of Exness appended.
