In a surprising turn of events, Exness, the retail broker, revealed that its trading volumes for December increased, defying the holiday-related market trends. According to Exness Performance data, the trading volume reached $2.525 trillion, marking a 5.4 percent rise compared to the previous month.
During December, most markets experienced a decline in trading volume due to the holiday season, affecting both retail brokers and institutional trading venues. However, Exness stood out by achieving a trading volume of $2.525 trillion, though it didn't reach the peak levels seen in August and September, which were $2.811 trillion and $2.747 trillion, respectively.
This December increase marks the first upward turn after three months of decline and sets a new record for Exness, which maintained a trading volume of over 2 trillion for ten consecutive months.
Furthermore, Exness reported that its trading volume performance almost doubled in 2022 compared to 2021 when it recorded $1.27 trillion. This growth aligns with Exness' expansion into Africa, following the acquisition of licenses in South Africa and Kenya.
Despite the surge in overall trading volume, the number of active clients in December decreased by around 2.3 percent, totaling 374,978. However, this decrease occurred after a strong November, which was the second-best month. Additionally, client withdrawals in the October-December quarter decreased by approximately 3 percent to $1.134 billion.