Doo Group Sees Over 600% YoY Increase in Trading Volume in August 2021

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

Total trading volume came in at $26.82 billion, 2.41 percent lower than the previous month. Although lower on a monthly comparison, the trading volume achieved in August up over 600%, compared to August 2020's $3.73 billion. Moreover, average daily volume (ADV) for the month stood at $865.07 million.

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.  

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

XAU/USD recorded a total of $14.89 billion of the overall monthly trading volume, while EUR/USD and GBP/USD reported $6.76 billion of the overall monthly trading volume. 

As Fazzaco reported earlier, Doo Group has posted its trading volume for July 2021​. Trading volume totaled $27.48 billion, down by 13.88% compared with June.