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Exness Sees Trading Volume Down but Active Clients Up in February 2024
Exness, a Cyprus-based multi-asset broker, has released its financial results for February 2024, reporting a decline in trading volume despite growth in client base.
The broker’s client volume of CFDs traded for February totaled $3.534 trillion, a decrease of 8.63% MoM compared to $3.868 trillion the previous month, but an increase of 15.71% YoY from $3.055 trillion a year ago. Notably, the volume of $3.868 trillion for January 2024 represented a recovery in trading activity after two consecutive months of slowdown.
source: Exness
The number of active clients amounted to 766,534 in February, an increase of 5.77% from 722,452 in the previous month.
source: Exness
Last month, Exness' Chief Customer Officer Damian Bunce announced his departure after close to 3.5 years at the company.
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