Expands User Base, Adding Over A Million New Accounts In 3 Months

Investors are showing a strong appetite for financial derivatives, though they’re increasingly turning to traditional assets such as indices and commodities at the expense of crypto, according to the latest report from

The trading platform has just announced its global growth results for the second quarter of 2022, highlighting an expanded user base that increased by more than one million accounts. That’s 19.44% higher than in the first quarter, and brings’s total number of users to around 6.4 million, it said. 

What is more interesting though is the shift in investing strategy, with’s user base increasingly trading indices and commodities while shunning crypto. said the majority of its users are attempting to short the market to take advantage of the declining prices of most assets. At the same time, they’re likely wary of the volatility and extremely bearish sentiment in crypto, the company explained. 

Likely, the crypto trading’s declining volume had something to do with’s impressive growth in the U.K., where it doesn’t offer trading on those assets. The U.K. accounted for a significant portion of its new user accounts, and saw its trading volume rise by 18% in the second quarter compared to the first. That helped ensure a bigger share of the overall trading volume for European users, at 31% of all trades. 

Altogether, saw trading volume of $255 billion on its platform, a slight decrease from the prior period. 

Peter Hetherington, who is the Group CEO of, said the company has been looking to expand its presence in regulated markets and that it has delivered on those aims with a “spectacular growth trajectory” over the past two years. 

With investors keeping up their trading activity on, Hetherington said the company was ready to provide “assistance and greater support” to its users through education and risk management tools. To that end, will continue to ensure its customers have access to the latest and best-in-class information, insights and analytics tools to aid in their investment decision making, he said. 


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