MultiBank Group Sets New Record with USD 55.85 Billion Single-Day Trading Volume

MultiBank Group Sets New Record with USD 55.85 Billion Single-Day Trading Volume

Categories:
Tags:
Liquidity Finder logo picture.Liquidity Finder - Sam Low
|
Apr 9, 2025
|
|

Dubai-based CFD broker MultiBank Group has achieved a record-breaking single-day trading volume of USD 55.85 billion on 3rd April 2025, marking a significant milestone for the company. The company also announced that this record volume day comes amid strong performance in early April, with the group reporting an average daily trading volume exceeding USD 35 billion during the first four trading days of the month.

 

"We are pleased to share these impressive figures with our valued clients and business partners. It displays our financial strength, our drive for technological progress, and the trust our customers place in us," said Naser Taher, Founder and Chairman of MultiBank Group.

 

The company attributes this record volume to growing confidence among its global clientele of individual traders and institutional investors, citing its focus on transparency, security measures, and regulatory compliance as key factors.

 

Throughout 2024, MultiBank Group expanded its international footprint and introduced several new products, including MultiBank-Plus, a trading platform and app, and the MultiBank.io Crypto Exchange App. The company also launched MEX Exchange, described as the first global ECN tool specifically designed for the BRICS and GCC regions.

 

Strategic partnerships with Al Ansari Exchange and Mashreq Bank have improved transaction processing for users, whilst the acquisition of Dubai's Virtual Asset Service Provider (VASP) licence has enhanced the group's regulatory standing.

 

The group reported strong financial results for 2024, with revenue of over USD 361 million and net income exceeding USD 264 million, representing 16% growth year-on-year.

 

Founded in California in 2005, MultiBank Group now serves more than two million clients across over 100 countries and holds licences from 17 global regulatory bodies. The company offers brokerage services and asset management solutions, with trading platforms providing up to 500:1 leverage on products including forex, metals, shares, commodities, indices, and cryptocurrencies.

 

|
|

Comments

Latest

Loading Comments

Please Sign In or Create Your FREE Account to Comment.

LiquidityFinder

LiquidityFinder was created to take the friction out of the process of sourcing Business to Business (B2B) liquidity; to become the central reference point for liquidity in OTC electronic markets, and the means to access them. Our mission is to provide streamlined modern solutions and share valuable insight and knowledge that benefit our users.

If you would like to contribute to our website or wish to contact us, please click here or you can email us directly at press@liquidityfinder.com.