Doo Group Reports Record Trading Volume in April 2024

News | 14 May 2024 10:42/AM GMT

Doo Group, a pre-eminent financial services group with FinTech as its core, recently released its April 2024 trading volume report. 

April Trading Volume Overview 2024 

  • Total Trading Volume: USD 109.69 billion 
  • Most Popular Products: XAU/USD, EUR/USD, GBP/USD 
  • XAU/USD saw the highest trading volume at USD 82.97 billion. 
  • XAU/USD saw the highest increase, an increase of USD 15.90 billion, or 23.64%. 

(The reported data includes the total trading volume of Doo Group’s sub-brands – Doo Clearing and Doo Prime) 

According to the report, Doo Group’s total trading volume in April 2024 is valued at USD 109.69 billion, an increase of 14.79% from the previous month. Furthermore, April’s average daily volume (ADV) is USD 3.66 billion, an expansion of 18.61% from March. 

The gold prices have returned to normal after a price rally in April, and the mixed results of the key economic data have caused investors to foster a “wait and see” approach in the market. Additionally, the worsening of the Middle East conflicts has further led the investors’ anxiety to rise. Therefore, investors have chosen to go with a more stable investment option, and gold has been viewed as one of the primary investment products for risk aversion. 

Therefore, XAU/USD is still the product with the highest trading volume and the highest growth in trading volume in April.  

Since the beginning of 2024, Doo Group’s trading volume has been in a stable state. Year to date, Doo Group’s total trading volume is valued at USD 358.47 billion, an expansion of 22.78% as compared to the same period last year. 

According to the recorded data, XAU/USD, EUR/USD, and GBP/USD were the investor’s top picks, contributing 86.98% of April’s total trading volume. Among them, XAU/USD has the highest monthly trading volume at USD 82.97 billion; while EUR/USD and GBP/USD have a total monthly trading volume of USD 12.44 billion. 

Besides, XAU/USD has the largest growth in the monthly trading volume, an increase of USD 15.90 billion or 23.64% as compared to March. 

As an internationally leading financial services group, Doo Group continues to show strong momentum in its trading volume. In the future, Doo Group will continue to develop a global FinTech system and build a comprehensive financial ecosystem, striving to lead the FinTech transformation in this era, ensuring that our clients are at the forefront of the industry.