Capital.com has released some of the performance metrics for 2021, reporting a 350 percent year-over-year increase in the number of registered users, taking the total figure to 4.23 million.
The platform mostly saw a client influx in the first half of 2021 as the number of new onboarded users jumped by 400 percent compared to the previous six months.
Additionally, the higher client numbers contributed to a solid increase in the trading activities in the platform. Total client trading volume for the full year came in at $565 billion, which is 303 percent higher than the previous year. Moreover, the H1 of 2021 figure made a mark in this parameter as it grew by more than 184 percent from the previous quarter.
Further, the number of executed trades on the brokerage platform increased by 388 percent in 2021.
“Global lockdowns have brought about lasting shifts in consumer behavior and attitudes. With more people staying at home and looking for ways to supplement their income and keep busy, online platforms like Capital.com gained ground,” said Jonathan Squires, the Group Chief Executive Officer at Capital.com.
Betting on New Technologies
In addition, the brokerage, which operates with multiple subsidiaries, took advantage of this trend to expand its offerings. It diversified its stock trading, extended trading hours and even made some improvements to the platform, enabling features with some machine learning and artificial intelligence (AI ). The platform is now working on using these advanced technologies to understand client behaviour.
Meanwhile, the platform opened new offices in Warsaw, Kiev, Vilnius, Melbourne, Singapore and Sofia to support its growth, and it has increased the headcount by 478 percent.
“We will also continue to expand into new markets, including the US, maintaining our strong growth year on year. It goes without saying that our global expansion plans will be in step with regulatory approvals,” Squires added.
