Exness’ success in numbers: a closer look at the broker’s 2022 & 2023 financial results

FinanceFeeds Editorial Team

Multi-asset broker Exness released its data for the year ending on 31st December 2022, reporting another record-breaking year.

Exness Dove

The leading broker more than doubled its volumes in 2022, with a monthly trading volume of $2.5 trillion in December alone, a massive 103.1% increase from the same period in 2021. It is worth mentioning that Exness’ monthly trading volume peaked in August 2022, exceeding $2.8 trillion, hitting another record high for the first time.

Exness also significantly increased the number of active clients by 58%, reaching 375,000 in 2022. In 2023, Exness’ active clients numbers are close to 400,000.

In addition, the broker reported $1.1 billion in client withdrawals in Q4 2022, more than double from Q4 2021. During the same period, Exness also reported distributing $99.1 million in partner rewards, a massive 90.6% increase since Q4 2021. Interestingly, Q3 2022 had the highest number of partner rewards 2022, crossing the $100 million mark.

When looking at the entire year, the total trading volume for 2022 was $27.2 trillion, with total client withdrawals of $4.1 billion and total partner rewards of $377.5 million. These are impressive numbers that demonstrate Exness’ strong position in the industry.

Interested parties can find the Exness Group Financial Performance Indicators Report 2021 for more information. While data on Clients Equity has not yet been published, the report for the year 2021 is available.

It’s clear that Exness continues its successful trajectory, with significant increases in both trading volume and active clients. Its most recent milestone in monthly trading volume, reported in March 2023, is $3.8 trillion.

Read this next

Digital Assets

Bybit exits UK market ahead of regulatory changes

Bybit is suspending its cryptocurrency services for users in the United Kingdom due to impending regulations from the country’s Financial Conduct Authority (FCA).

Digital Assets

Binance argues SEC trampled authority set by Congress

Binance, Binance.US, and Changpeng Zhao have jointly filed to dismiss a lawsuit brought by the Securities and Exchange Commission (SEC) in June.

Uncategorized

Oscar Asly replaces Rasha Gad as CEO of M4Markets Dubai

Seychelles-regulated brokerage firm M4Markets has secured a license from the Dubai Financial Services Authority (DFSA) after it has already incorporated its new subsidiary in the Dubai International Financial Center (DIFC).

Retail FX

Capital Index UK reports mitigated loss despite revenue drop

FCA-regulated brokerage firm Capital Index (UK) Limited has released its annual financial report for the year 2022.

Digital Assets

Mike Novogratz’s Galaxy Digital expands in Europe

Galaxy Digital, the New York-based cryptocurrency financial services company founded by Mike Novogratz, is expanding its presence in Europe by appointing Leon Marshall as its first European CEO.

Metaverse Gaming NFT

Turingum Partners with MarketAcross to Drive Web3 Adoption in Global and Japanese Markets

Global blockchain PR leader MarketAcross joins forces with Japanese Web3 specialist Turingum to mutually expand its market reach, aiming to fortify Turingum’s worldwide footprint and MarketAcross’s presence in the lucrative Japanese blockchain landscape.

Digital Assets

Binance to delist all stablecoins in Europe next year

During a public hearing with the European Banking Authority (EBA), an executive from Binance said that the exchange could ultimately delist stablecoins from its European platforms by June 30, 2024.

Industry News

“Unconscionable conduct”: ASIC fines National Australia Bank $2.1m for overcharging customers

NAB faces a $2.1 million penalty for unconscionable conduct, as the Federal Court rules the bank knowingly overcharged customers, and took over two years to rectify the situation.

<