Doo Prime, a pre-eminent online broker group with financial technology at its core, recently released its August 2023 trading volume report.
August Trading Volume Overview 2023
- Total trading volume: USD87.59 billion
- Most popular products: XAU/USD, EUR/USD, GBP/USD
- XAU/USD saw the highest trading volume at USD63.52 billion
- XAU/USD saw the highest increase, up USD1.79 billion or 2.90%
According to the report, Doo Prime’s total trading volume in August 2023 sits at USD87.59 billion, a slight decrease of 4.79% from the previous month. On top of that, the average daily volume (ADV) in August was USD2.83 billion, a decrease of approximately 4.79% from July.
Doo Prime’s trading volume increased significantly in July as investors purchased gold amid fears of a global recession and risk aversion. In August, as various important economic data were released and the hawkish statements from the Federal Reserve strengthened market expectations of a tightening cycle, the market adopted a wait-and-see attitude, resulting in a slight decrease in trading volume for the month of August. Since the beginning of 2023, Doo Prime has shown a stable trend overall. To date, Doo Prime’s total trading volume reached USD631.96 billion, an increase of approximately 44.10% compared to the same period last year.
According to the data, XAU/USD, EUR/USD, GBP/USD were the top choices for traders during the month, accounting for 85.80%. Among them, XAU/USD recorded the highest monthly trading volume of about USD63.52 billion, while EUR/USD and GBP/USD had a total monthly trading volume of about USD11.63 billion.
In addition, XAU/USD saw the highest trading volume growth, an increase of USD1.79 billion or 2.90% compared to July.
As an industry-leading online broker, Doo Prime has been showing strong momentum in terms of trading volume. 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.
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Doo Prime, an international preeminent online broker under Doo Group, strives to provide professional investors with global CFD trading products in Securities, Futures, Forex, Precious Metals, Commodities, and Stock Indices. At present, Doo Prime is delivering the finest trading experience to more than 130,000 clients, with an average trading volume of more than USD 51.223 billion each month.
Doo Prime entities respectively holds the relevant financial regulatory licenses in Seychelles, Mauritius, and Vanuatu with operation centers in Dallas, Sydney, Singapore, Hong Kong, Dubai, Kuala Lumpur, and other regions.
With robust financial technology infrastructure, well-established partnerships, and an experienced technical team, Doo Prime boasts a safe and secure trading environment, competitive trading costs, as well as deposit and withdrawal methods that support 20+ different currencies. Doo Prime also incorporates 24/7 multilingual customer service and extremely fast trade execution via multiple industry-leading trading terminals such as MT4, MT5, TradingView, and Doo Prime InTrade, covering over 10,000 trading products.
Doo Prime’s vision and mission are to become a financial technology-focused broker, streamlining international global financial products investment.
For more information about Doo Prime, please contact us at:
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