Leading financial services provider, easyMarkets, has reported an increase in customer trading volumes across a range of financial instruments during the first quarter of 2024. The first quarter of 2024 saw an increase in trading volumes for easyMarkets, particularly in cryptocurrencies and major market indices. Notably, the NASDAQ recorded an increase of 63.20% compared to the same period last year, reaching record prices which reflect the continued growth of the technology sector and investor confidence.
Similarly, in the cryptocurrency space, Ethereum (ETH/USD) and Bitcoin (BTC/USD) surged 104.34% and 375.87% respectively compared to the first quarter of last year, highlighting the Growing investor interest in cryptocurrencies in a favorable market context.
Forex rises and commodities spike amid sectoral slowdown
“Forex trading also demonstrated notable fluctuations, with trading volume on the GBP/JPY pair increasing by 114.52% compared to the first quarter of 2023,” as noted by the head of risk management , Thomas Tsaloups. “This was mainly due to the yen hitting significant lows, reflecting complex changes in the geopolitical and economic landscapes.” he added. The quarter was also punctuated by varied asset performances. While commodities like cocoa and gold have reached all-time highs, reflecting strong bullish sentiment, other sectors like the electric vehicle market and the natural gas industry have faced slowdowns, which demonstrates the challenges within specific sectors.
About easyMarkets
easyMarkets, founded in 2001, is an award-winning global broker. One of the first to offer an online experience with innovative risk management tools, including free guaranteed stop loss, easyTrade, Freeze Rate and dealCancellation, easyMarkets offers its sizable customer base a streamlined, accessible and flexible trading experience. Offering over 275 tradable instruments, tight fixed spreads and dedicated 24/5 support to traders around the world, easyMarkets continues to revolutionize the trading industry by providing unrivaled security and guarantees for client funds and constantly prioritizing customer engagement and satisfaction.
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