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According to trading data which has been shared by 24option exclusively with Finance Magnates, the Brexit vote is affecting activity of binary options traders. The trading volumes at one of the biggest binary options in the industry are showing that while the numbers in the GBP/USD pair have shown consistency, EUR/GBP trading declined materially.
Looking at the specifics, binary options trading in the EUR/GBP pair has fallen by 16 per cent leading into the referendum. The total amount of trades executed by 24option clients in the EUR/GBP pair amounted to $8.17 million in April and declined to $6.89 million in May.
The ... (read more)