(Reuters)-Online trading platform Plus500 (LON:) reported on Monday that customer revenue fell sharply in the first half of 2021 as transaction levels fell from a record level a year ago, when pandemic fears swept the finances market.
Plus500, which is listed in London, also launched a stock trading platform earlier this year. The company said that in the six months to June, customer revenue fell by 32% to 379.2 million US dollars, but it performed better than before the pandemic. 175 million U.S. dollars.
The company said: “The level of activity within the platform continues to rise, driven by the significant increase in the active customer base over the past few years.”
Although trading activities have increased due to lockdowns and market volatility, and trading volumes have slowed since 2020, the company and its peers have received a boost from the retail trading frenzy this year, which has pushed up the stock prices of frustrated stocks. Started from the American company GameStop (New York Stock Exchange:).
It said in a statement that Plus500 added 136,980 new customers between January and June, compared with 198,176 last year and 47,540 in 2019.
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