Doo Group Sees 39.09% MoM Increase in Trading Volume in May 2021

Doo Group, a fintech-motivated financial service group, today published its monthly trading volume for May 2021, indicating a jump in trading volume on a MoM basis.

More specifically, total trading volume came in at $32.10 billion, 39.09% higher than previous month. Average daily volume (ADV) grew to $1.04 billion, showing an increase of 34.60% compared to the April’s $0.77 billion.

Notably, this number is a total of trading volumes from the affiliate, Doo Clearing, a London-based FCA-regulated liquidity provider, and Doo Prime, a leading global online broker.  

May's trading volume has passed all previous records in 2021, showcasing itself as the highest traded month with the total traded for the year, to date, valued at $104.57 billion. 

In May, XAU/USD, EUR/USD, and GBP/USD remained consistent as the most popular instrument of traders.  

XAU/USD recorded a total of $20.66 billion or 64.34% of the overall monthly trading volume, while EUR/USD and GBP/USD both accounted for 13.35% and 8.74%, respectively. 

As Fazzaco reported earlier, Doo Group has posted its financial figures for April​. ADV for the month reached $0.77 billion, and total trading volume approached $23.08 billion.