{"id":130933,"date":"2021-07-02T09:04:08","date_gmt":"2021-07-02T09:04:08","guid":{"rendered":"https:\/\/precoinnews.com\/?p=130933"},"modified":"2021-07-02T09:04:08","modified_gmt":"2021-07-02T09:04:08","slug":"fx-demand-on-kabu-slows-down-in-june","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/fx-demand-on-kabu-slows-down-in-june\/","title":{"rendered":"FX Demand on Kabu Slows Down in June"},"content":{"rendered":"<p><span>Kabu, a major Japanese online brokerage, released its monthly trading metrics for June 2021. The figures show a monthly slump in foreign exchange (FX) trading demand, while activities with stocks picked up.<\/span><\/p>\n<p><span>According to the reported numbers, monthly trading volume with over-the-counter (OTC) forex instruments for June came in at \u00a537 trillion, declining more than 12 percent from the previous month.\u00a0<\/span><\/p>\n<p><strong>Bank Account Alternative. Business Account IBAN.<\/strong><\/p>\n<p><span>The consistent fall in forex demand can be seen since the jump in volume in March when the platform reported a record \u00a555 trillion in trading volume. But, the latest number remains higher than the market demand in January and February. June had 22 trading days which might have pushed the monthly demand a bit higher.<\/span><\/p>\n<p><span>However, comparing year-on-year depicts a different picture. Kabu reported only \u00a528 trillion in FX trading volume in June 2020, meaning there has been a jump of over 32 percent in trading demand after a year.<\/span><\/p>\n<p><span>While Kabu saw a monthly dip in FX demand, other platforms, both Japanese and international, reported the opposite. Click365, which is operated by the Tokyo Financial Exchange (TFX), witnessed an 11.6 percent rise in FX futures contracts trading volume, while FXSpotStream\u2019s average daily volume increased by 3.7 percent.<\/span><\/p>\n<h2><span>Equities Demand Is Picking Up<\/span><\/h2>\n<p><span>Coming to equities, the monthly trading volume with stocks recovered to \u00a525.5 trillion, which is up from the previous month\u2019s \u00a521 trillion. This demand was pushed by the 13,700 new accounts opened with the brokerage last month. Kabu ended June with a total of 1,305,947 securities accounts.<\/span><\/p>\n<p><span>Furthermore, the Japanese brokerage posted that it ended last month with assets under custody worth \u00a526 trillion and \u00a52.5 trillion in credit balance.<\/span><\/p>\n<p>Source: <a href=\"https:\/\/www.financemagnates.com\/institutional-forex\/fx-demand-on-kabu-slows-down-in-june\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kabu, a major Japanese online brokerage, released<\/p>\n","protected":false},"author":3,"featured_media":130932,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FX Demand on Kabu Slows Down in June - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/fx-demand-on-kabu-slows-down-in-june\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FX Demand on Kabu Slows Down in June - 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