Exness, a multi-asset broker headquartered in Cyprus, has released its financial report. The report highlighted exceptional performance across multiple segments in the current quarter. The report revealed a significant surge in trading volume during August, reaching an impressive $4.52 trillion, making it the highest trading volume month of the year.
Exness's Exceptional Growth in Active Clients
September's trading volume slightly decreased to $4.43 trillion. It remained strong compared to the previous year when August and September 2022 recorded volumes of $2.81 trillion and $2.74 trillion, respectively. One of the key drivers behind Exness's success has been its rapidly growing client base. The report highlighted that in September, the company achieved its highest number of active clients to date, totaling 653,593.
August also saw substantial client activity, with 625,626 active clients. This consistent growth trend in active clients has been a noteworthy feature of Exness's performance, steadily increasing month by month since January 2023.
Additionally, the report sheds light on Exness's efficient handling of client withdrawals. In the third quarter, the company processed a total of $1.71 billion in client withdrawals, reflecting a strong financial standing and client confidence. Comparatively, during the second quarter, Exness handled $1.31 billion in client withdrawals.
Exness's commitment to rewarding its partners is evident in the data as well. In the third quarter, the company paid out a substantial $140.8 million in partner rewards, indicating a significant increase in partner engagement and contribution.
These financial achievements solidify Exness's position in the multi-asset brokerage industry. With a consistent growth in trading activity, and financial performance, Exness is poised for continued success in the competitive financial markets.
Exness Expands Globally with Uruguay Office
The company's strategic expansion efforts are evidence of its global ambitions. Exness inaugurated its first office in Uruguay in February 2023. It marked a pivotal step in its growth strategy. Although not regulated in Uruguay, Exness holds licenses in multiple countries. It allows Exness to offer trading services in Latin America.
The choice of Uruguay as the location for its first Latin American presence is strategic, given the country's economic stability and access to a pool of local talent. Exness aims to have a team of 100 professionals based in its Uruguayan office by the end of the year, underscoring its commitment to the Latin American markets.
