Trading volumes soar past USD80bn on European investment trading platform; clients show growing interest in cryptocurrencies over traditional assets
LONDON, UK, 12 May 2021 – Capital.com, the high-growth trading and investing platform empowering everyone to trade responsibly, today announced its growth results for the first quarter ended March 31, 2021. During this period, the company grew the number of clients on its platform to more than 2 million.
In Q1 2021, the number of people who opened an account on Capital.com for the first time increased by more than 233% compared to Q4 2020. Over the same period, total trading volume across the platform grew by 78% to reach USD82 billion.
The platform’s growth in Q1 was in part driven by the global market rally and rising retail participation in financial markets owing to national lockdown measures. These external factors coupled with Capital.com’s strengths as a regulated and transparently priced platform enabled the platform to engage with more clients.
“The extraordinary growth on the platform is testament to Capital.com’s ability to build a strong business that is responsive to wider changes. This is just the beginning for us. Looking ahead, we will continue to deliver solutions and services and make improvements to our platform to empower more people to trade with confidence and ease, ” said Jonathan Squires, Chief Executive Officer, Capital.com.
Over the same period, clients also increased their trading activity on the platform. The total number of trades executed by clients increased by 240% in Q1 compared to the previous quarter with notable retail interest in cryptocurrencies. Of the top five most traded assets on the platform in Q1, the first three included cryptocurrency pairs Dogecoin/USD, Ripple/USD and Ethereum/USD. Derivatives trading on Gamestop and AMC were the other two top traded assets during the period. By contrast in Q4 2020 , Ripple/USD was the top traded asset followed by crude oil, gold, Tesla and Bitcoin/USD.
“Not all clients are allowed to trade cryptocurrency derivatives but in those markets where it is permissible, there has clearly been a growing interest in the fledgling asset class. However, the volumes traded in crypto derivatives by individual investors are still relatively small,” noted Squires.
Capital.com enables clients to trade more than 3,000 of the world’s most popular indices, commodities, cryptocurrencies, shares and currency pairs through its web and mobile platforms. The platform adheres to a transparent pricing structure with no hidden fees, and clients have access to free education and trading tools, including its all-in-one app to learn finance, Investmate.
Capital.com is a high-growth investment trading fintech group of companies empowering people to participate in financial markets through secure, low-friction, innovative platforms that take the complexity out of investing. Its intuitive award-winning platform, available on web and app, offers investors a seamless trading experience to over 3400 world-renowned markets. To help investors trade with confidence, the platform is enabled with robust risk management controls and transparent pricing while its all-in-one Investmate app delivers extensive financial lessons and educational content to support clients in their investment journey.
Capital.com has clients in over 180 countries with offices located in the UK, Gibraltar, Australia, Cyprus and Belarus. Capital Com (UK) Limited is authorised and regulated by the Financial Conduct Authority (FCA). Capital Com SV Investments Limited is Authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), under license number 319/17.