In December, Exness trading volume soared to $2.525 trillion, up 5.4 percent over the previous month, while all markets were down.
Retail broker Exness bucked market trends by releasing that the trading volumes in December had increased. According to Exness Performance data, trading volume reached $2.525 trillion, up 5.4 percent over the previous month.
The decrease in trading volume in December occurred in almost every market due to the effects of the holiday. Retail brokers and institutional trading venues also reported low trading activity in December. This trend contrasted with the multi-asset company, which increased to $2.525 trillion. The figures were not as prominent as those in August and September, reaching $2.811 trillion and $2.747 trillion, but they were still classified as the best.
The increase in December is the first increase since three months of decline. It sets a new record for Exness, which soared to the trading volume of more than 2 trillion in 10 consecutive months.
After the end of the 2022 report, Exness also announced that its trading volume performance has almost doubled from 1.27 trillion in 2021. This is also in line with Exness' expansion into Africa after obtaining licenses in South Africa and in Kenya.
Although Exness' overall trading volume surged, the number of active clients for December fell by around 2.3 percent to 374,978 but remained the second-best month after November. Furthermore, the performance of client withdrawals in the October-December quarter also decreased by around 3 percent to $1.134 billion.