Doo Prime, a pre-eminent online broker with financial technology at its core, recently released its February 2023 trading volume report.
Doo Prime, a pre-eminent online broker with financial technology at its core, recently released its February 2023 trading volume report.
February Trading Volume Overview 2023
Total trading volume: USD69.38billion
Most popular products: XAU/USD, EUR/USD, GBP/USD
XAU/USD recorded the highest trading volume at USD38.85 billion
XAU/USD saw the highest increase, up USD8.23 billion or 26.87%
According to the report, Doo Prime’s total trading volume in February 2023 sits at USD69.38 billion, an increase of 13.92% from the previous month. Apart from that, the average daily volume (ADV) in February was USD2.48 billion, an increase of approximately 26.13% from January.
Doo Prime has seen a sharp increase in trading volume since the beginning of 2023. After a 12.91% month-on-month increase in January, the trading volume in February continued its upward trend, with a month-on-month increase of 13.92%. Among them, the XAU/USD trading product saw an impressive increase of USD8.23 billion, mainly due to the recent hawkish interest rate hikes by the Federal Reserve, which has attracted traders to pursue investment opportunities in the underlying. With the momentum of the consumer recovery in 2023, Doo Prime’s trading performance thereafter remains promising. In 2023, Doo Prime’s total trading volume reached USD130.282billion, an 84.50% increase compared to the same period last year.
According to the data, XAU/USD, EUR/USD and GBP/USD were the top choices for traders during the month, accounting for 83.03%. Among them, XAU/USD recorded the highest monthly trading volume of about USD38.85 billion, while EUR/USD and GBP/USD had a total monthly trading volume of about USD18.77 billion.
In addition, XAU/USD saw the highest trading volume growth, increasing by USD8.23 billion or 26.87% from January.
As an industry-leading online broker, Doo Prime has been showing strong momentum in terms of trading volume. In the future, Doo Prime aspires to continuously build a global financial technology system and a comprehensive financial ecosystem. Doo Prime will strive for excellence through its journey of leading the new fintech era, keeping its clients at the forefront in the industry.
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