New record one-day volume of $1.5 billion Was reached on 21st of October
HAMILTON, Bermuda, October 28, 2022 /PRNewswire/ — 24 Exchange, a 24/365 multi-asset class trading platform, announced today that it has achieved a record daily FX NDF trading volume of $1.476 billion on 21st of October and a record weekly FX NDF trading volume of $1.175 billion of October 17-21, 2022. These record trading volumes from NDF FX are a further indication of the growth of the 24 Exchange platform and the market adoption of the company’s product offerings.
24 Exchange offers its clients customized solutions that deliver increased profitability through its variety of trading workflows. Beyond NDF FX, the company also offers Crypto Cash Trading, Crypto NDF, FX Swaps and FX Spot – each provides institutional market clients with a robust and reliable platform to trade at the lowest cost.
Jason WoerzPresident of 24 Exchange, said, “The recent growth of our NDF platform is testament to our unwavering focus on providing our clients with the best trading experience and platform possible. At 24 Exchange, our top priority is to understand and meet the needs of our institutional clients who seek access to optimal liquidity through our growing range of trading workflows. We continue to adapt our set of offerings to create a one-of-a-kind trading experience with unparalleled market access and lower costs.
In three of the last six weeks, the average weekly volume of FX NDF transactions on the 24 Exchange platform exceeded $1 billion.
The company expects to see continued growth not only in its FX NDF trading volumes, but other assets as well, as it fosters relationships with a growing network of FX, cryptocurrencyand NDF stakeholders and platforms.
Just last week, 24 Exchange announced its partnership with Talos Partner Network, giving clients access to new liquidity in cryptocurrency cash trade.
About 24 Exchange
24 Exchange is a multi-asset class trading platform that allows market participants to seamlessly trade their exposures at the lowest possible cost. 24 Exchange’s mission is to enable members to initiate the most profitable trades across a growing range of asset classes, around the clock. 24 Exchange reduces the cost of trading assets in global markets while offering creative and unique workflows tailored to each asset class. 24 Exchange is operated by 24 Exchange Bermuda Limited and 24 Exchange Broker Limited, which are regulated by the Bermuda Monetary Authority (BMA) for the purpose of conducting digital asset business pursuant to the Digital Asset Business Act.
More information is available at https://24exchange.com/
KARV Communications for 24 Exchange
E-mail: [email protected]
Phone: +1 (212) 333-0275
SOURCE 24 Exchange