Capital.com's Q1 Trading Volume Jumps 78%, Client Figures Soar

Capital.com, which offers Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFDs brokerage services, released its trading metrics for the first quarter of 2021, showing an excellent rise in activities. It reported the overall quarterly trading volume to be $82 billion, which is a gain of 78 percent from the previous quarter.

But, the most highlighted metrics remained the statistics of new clients. According to the broker, the number of quarterly new clients onboarding jumped by more than 233 percent when compared to the same figure in Q4 of 2020. This surge took the total number of traders on the platform to more than 2 million.

The figures echoed the growth reported by the platform in 2020 when the trading industry saw a boom due to the economic effects of Coronavirus.

Commenting on the metrics, Capital.com Chief Executive, Jonathan Squires said: “The extraordinary growth on the platform is testament to Capital.com's ability to build a strong business that is responsive to wider changes. This is just the beginning for us.”

“Looking ahead, we will continue to deliver solutions and services and make improvements to our platform to empower more people to trade with confidence and ease.”

Additionally, the multi-regulated broker highlighted that the total number of executed trades on the platform jumped by 240 percent in the quarter.

Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term Dominated

Though Capital.com established itself as a provider of traditional financial instruments, cryptocurrencies dominated last quarter. DOGEUSD, XRPUSD and ETHUSD, which are all crypto-fiat pairs, remained the top three traded pairs on the platform last quarter.

“Not all clients are allowed to trade cryptocurrency derivatives but in those markets where it is permissible, there has clearly been a growing interest in the fledgling asset class. However, the volumes traded in crypto derivatives by individual investors are still relatively small,” Squires added.