Bermuda-based OTC product trading platform 24 Exchange has announced that it has set consecutive daily records for FX NDF trading volume, handling more than $4 billion in FX NDF trades for its global institutional clients over two consecutive days last week. This milestone surpasses 24X’s previous daily volume record of $3.1 billion set last October on the 24 Exchange.
CEO and founder of 24 Exchange, Dmitry Galinov, said:
“Setting consecutive daily volume records for FX NDF trading is an exciting way to start the new year. Our continued growth in FX NDF trading volume exemplifies the value our clients achieve using our innovative and efficient platform. In the coming months, we look forward to helping more clients access increased liquidity at the lowest cost on the 24 Exchange platform.”
In addition to FX NDF trading, the company offers Crypto NDFs (which meet the regulatory standards set by the Bermuda Monetary Authority), FX Swaps and FX Spot. 24 Exchange said it is working to expand these offerings and create additional ways to provide institutional traders with more liquidity at lower costs.
About 24 Exchange
24 The Exchange is a multi-asset trading platform that allows market participants to seamlessly exchange their exposures at the lowest possible cost. 24 Exchange’s mission is to enable members to initiate the most economical trades in a growing range of asset classes, 24 hours a day. The company lowers the cost of exchanging assets in global markets while providing creative and unique workflows that cover every asset class. 24 Exchange is operated by 24 Exchange Bermuda Limited, which is regulated by the Bermuda Monetary Authority (BMA) for the purposes of offering digital asset derivatives pursuant to the Digital Asset Business Act.