Capital.com is a global trading platform and financial technology group, which has disclosed its total client trading volume exceeding $12 trillion in 2023. This figure represents a 53% increase compared to the previous year, marking the first time since its establishment in 2016 that the total client trading volume has exceeded $1 trillion.

In the first quarter of 2024, the platform's global total trading volume reached $337 billion, with a 17% increase in the number of active traders compared to the previous quarter. The majority of the trading volume comes from clients in the Middle East, followed by clients from Germany, Italy, and the Netherlands.

Ariel Segov, Chief Financial Officer of Capital.com Group, stated: "We are very fortunate to be headquartered in Cyprus, which has a favorable business ecosystem, abundant talent pool, and convenient legal framework, making it an ideal jurisdiction for technology companies to formulate growth strategies."

During the same period, indices and commodities emerged as the two largest markets in terms of trading volume on the platform. Index-related markets, particularly the US Tech 100 (NASDAQ 100), US 30, Germany 40, and US 500, accounted for over 79% of the total trading volume in the first quarter of 2024. Additionally, there was significant activity in the commodities market, comprising 58% of the total trading volume, with a focus on gold and crude oil.

Daniela Hasson, Senior Market Analyst at Capital.com, commented: "The semiconductor boom continued into the first quarter of 2024, contributing to the rally of tech stocks and US tech companies listed on the NASDAQ exchange. Traders in the first quarter also began to shift their mindset, welcoming the resilience of US economic data, departing from the 'good data is bad news' rhetoric that dominated much of 2023. Even though this implies the Federal Reserve is less likely to begin cutting interest rates, it allows the stock market to reach new highs."