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Exness releases its May 2023 financial statement
Source:https://www.cryptonewsz.com/exness-releases-its-may-2023-financial-statement/ | Author:finance-102 | Date2023-06-13 | 206 Views | Share:
Exness has published its report for May 2023 to highlight a rise in trading volume. The figure previously stood at $3,000 billion for April 2023. May saw a jump to $3,355 billion. This refers to the volume of CFDs traded on the platform. A lot of credit can be seen waving to 515,099 active clients. April was on the lower side for Exness.

With a 12 percent increase in trading volume, May is the second-best month after March. The month continued 

the upward trend before April ended it with a decline. $3,880 billion remains the most favorable estimate for 

2023. Now that the graph has risen in May, there is a possibility that a new sequence will begin.


The average for the first five months is $3.22 trillion. This is a year-on-year increase of 42% compared to $2.27 

trillion in the previous year for the same period.


A similar story can be narrated for the number of active clients. The only difference is that May surpassed the 

previous top figure of 491,064 for March. January is the lowest so far. February brought 440,151 clients on board, 

and May has been pretty significant. There is no doubt that Exness is a good forex broker, especially since the 

2008-established venture is backed by an intuitive site design and awards and achievements.


In May 2022, 304,482 clients were active. Therefore, the current year suffers a greater hit in order to lay a 

stronger foundation for the following month.


Client withdrawals are out for the quarter. The January to March period saw $1359.5 million in withdrawals 

against $870 million. The figure for the April-June quarter will be out in July. Earlier trends show that an 

increase is inevitable. Y-o-Y stands at $984.9 million, followed by $1102.5 million and $1134.6 million.


Exness has been able to reward its partners better. While the last quarter of 2022 ended with a declining $99.1 

million, the current year started with a positive as the first quarter rolled out $109.8 million to partners. The last 

year peaked in the third quarter only after the first and second quarters backed it up with cement.


That was a 22.6% downfall, as per the April 2023 report by Exness. It highlights that the jump was crucial for 

the company since the industry was witnessing a downfall. The venture was able to defy the odds and get back 

on track.


One can expect Exness to publish its June 2023 report in July 2023, also updating data for the second quarter 

under Client Withdrawals and Partner Rewards.


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