easyMarkets Reports Surge in Client Trading Volume Across Financial Instruments in Q1 2024
easyMarkets, a leading financial service provider, has reported a significant increase in client trading volume across various financial instruments in the first quarter of 2024. The surge in trading volumes was particularly notable in cryptocurrencies and major market indices, with NASDAQ recording a remarkable 63.20% increase compared to the same period last year.
The ongoing growth and investor confidence in the technological sector were reflected in the record-high prices witnessed in NASDAQ. Additionally, the cryptocurrency space saw substantial growth, with Ethereum (ETH/USD) and Bitcoin (BTC/USD) surging by 104.34% and 375.87%, respectively, compared to Q1 of the previous year, highlighting the growing interest in cryptocurrencies amidst favorable market conditions.
Forex trading also experienced significant fluctuations, with the GBP/JPY pair’s trading volume increasing by 114.52% compared to Q1 2023. This increase was attributed to the Yen reaching significant lows, reflecting the intricate shifts in geopolitical and economic landscapes.
While commodities like Cocoa and Gold reached all-time highs, indicating strong bullish sentiments, other sectors such as the electric vehicle market and natural gas industry faced downturns, showcasing the challenges within specific industries.
easyMarkets, founded in 2001, is an award-winning global broker known for its innovative risk management tools and a wide range of tradeable instruments. With a commitment to providing a streamlined and flexible trading experience, easyMarkets continues to prioritize client satisfaction and security by offering unparalleled safeguards for client funds and dedicated support to traders worldwide.
