XTB rebounds in Q3 with Revenues up 256% QoQ to $49 million
Client CFD trading volumes averaged $168 billion monthly at the company’s XTB.com brand in Q3.
Client CFD trading volumes averaged $168 billion monthly at the company’s XTB.com brand in Q3.
Jaroslaw Jasik resigned from applying for the next term of office of XTB’s Supervisory Board for personal reasons.
International expansion, and specifically starting operations in the UAE and South Africa, were key goals for XTB during 2021.
XTB recorded a greater number of transactions at a loss, which led to a decrease in XTB’s market making result.
The conditions referred to were made by the DFSA, when it granted XTB preliminary approval in November 2020.
The intention of the XTB Management Board is to start operating activities in United Arab Emirates in the first half of 2021.
The vast majority of XTB’s 2020 profits were generated in the first half of the year, with activity tapering off later in 2020.
In November 2020 XTB received preliminary approval of the DFSA regulator to conduct brokerage activities in the United Arab Emirates.
XTB.com has released financial results for the Q3 2020, showing that activity slowed significantly from the first half of the year.
Jose Mourinho is widely regarded as one of the greatest managers of all time in European football.