trading platform adds over 1 million users in second quarter – London Business News


Investment and trading platform said it was pleased today after adding more than one million new users in the second quarter of the year. This means that the platform added almost 20% more new accounts compared to the first quarter, bringing its total number of users to 6.4 million.

However, these new users have been a bit more cautious with their investments over the past quarter. Perhaps unsurprisingly, given the current bearish sentiment in the traditional and crypto investment markets, its trading volume fell 3% on a sequential basis to $255 billion. Despite this, maintains that its users continue to actively trade across its platform, allowing contracts for differences to be traded across the equity, index, crypto, commodity and forex markets. , in addition to real actions.

The company sought to highlight its platform’s growth in Europe, where users accounted for 31% of all trade during the second quarter. The UK was a real bright spot, with business activity there up 18% from the previous quarter. Group CEO Peter Hetherington says the company has had a dramatic growth trajectory over the past two years, due to its focus on maintaining a bigger and bolder presence in the markets. mature and regulated. has pursued a strategy of expanding its global presence in line with the highest regulatory standards, he added.

As for what users are trading, the company said indices were the most popular asset by trading volume, followed by commodities. Index traders are increasingly turning to short positions in line with bear market trends. Also noteworthy is the absence of crypto from’s list of most traded assets, given its previous popularity. According to Hetherington, this change in attitude is likely due to traders adopting a more “anti-risk” approach to their investing activity.

“As markets get choppy, the self-directed investor will seek help and greater support through education and risk management tools,” he said. “We will continue to prioritize the best insights, insights and analysis to help clients adapt and refine their trading strategies as markets turn more bearish.”


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