Doo Prime, a pre-eminent online broker with financial technology at its core, recently released its March 2023 trading volume report.
March Trading Volume Overview 2023
Total trading volume: USD88.23billion
Most popular products: XAU/USD, EUR/USD, GBP/USD
XAU/USD recorded the highest trading volume at USD51.10 billion
XAU/USD saw the highest increase, up USD12.23 billion or 31.52%
According to the report, Doo Prime’s total trading volume in March 2023 sits at USD88.23 billion, an increase of 27.17% from the previous month. Apart from that, the average daily volume (ADV) in March was USD2.85 billion, an increase of approximately 18.86% from February.
Doo Prime has seen a sharp increase in trading volume since the beginning of 2023. Its trading volume in March continued to maintain an upward trend, with a month-on-month growth of 27.17%. Due to the negative impact of the US banking incident, market sentiment tends to be more risk-averse, pushing gold higher. The trading product XAU/USD also saw another significant increase in volume in March, with an increase of approximately USD12.25 billion. Year-to-date, Doo Prime’s total trading volume reached USD218.51 billion, an increase of approximately 92.8% 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 83.80%. Among them, XAU/USD recorded the highest monthly trading volume of about USD51.10billion, while EUR/USD and GBP/USD had a total monthly trading volume of about USD22.84 billion.
In addition, XAU/USD saw the highest trading volume growth, increasing by USD12.23 billion or 31.52% from February.
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.