The mobile commerce market will exceed $100 billion by 2029

Mobile trading is a powerful tool that can help you invest in the stock market more conveniently and efficiently. It is important to choose your mobile trading platform carefully and use it responsibly. Remember that trading involves risks and you may lose money.

The dominance of Fintech

The year 2023 marked a watershed moment for the digital finance industry, with fintech apps surpassing almost all others in terms of new installs and user sessions. Fintech app installs increased dramatically by 42% and sessions by almost 25%. Although mobile stock trading apps only accounted for about 2% of new installs and 5% of sessions, they generated significant revenue, reaching $34.98 billion by the end of the year. However, these apps saw a significant drop in the average number of partners, from 5.5 to 3.5.

By 2023, mobile-based trading accounted for 80% of all stock trading and investing, far faster than web-based trading. This reflects the growing adoption of smartphones as investors seek the benefits of real-time trading. Notably, Android smartphones accounted for 55% of all mobile commerce activity that year, eclipsing iOS and other operating systems. The volume of transactions carried out on mobile increased by 30% in 2022. (Source: Euronext, 2023)

The mobile stock trading market is on an impressive trajectory for the coming years with expectations of $42.36 billion in 2024 and over $133.32 billion in 2030. The most popular mobile trading applications in France are Boursorama, DEGIRO and Binance. (Source: Google Play Store, 2023)

Why is mobile commerce attractive?

The convenience of mobile stock trading apps adds to their appeal. Having a trading application on your phone allows you to trade anytime, anywhere as long as you have a smartphone and an internet connection.

This flexibility allows individuals to pursue investment opportunities even on the go, providing a significant advantage over traditional trading methods. In addition, trading platforms make their services more accessible. For example, in April 2023, X partnered with eToro to introduce a feature that allows users to trade cryptocurrencies and stocks directly on the platform. In addition, mobile trading platforms provide investors with real-time market updates, including live rates, charts, news and analysis, enabling them to make more accurate and timely trading decisions.

The rise in mobile trading is a striking illustration of how technology is changing investment habits. The convenience and accessibility these platforms offer are key factors in their success. However, the challenge will be to maintain this growth while ensuring the safety and reliability of the services offered. The legislative and technological developments will play a decisive role in the structuring of this dynamic market.

Binance Volume

By the end of 2023, Binance reached a major milestone by reaching over 170 million registered users, according to a report published on the company’s blog. This impressive performance is accompanied by a spectacular growth of 30% compared to the previous year, which confirms the growing popularity of the platform. Binance is clearly establishing itself as the busiest cryptocurrency exchange in the world, a position supported by data from CoinMarketCap.

Impressive transaction volumes with a daily average of transactions exceeding USD 2 billion by 2023, a figure that underlines users’ trust and interest in the platform. Trading volume reached an all-time high in November 2021, peaking at $24 billion in a single day. These figures confirm Binance’s dominance in the global cryptocurrency market, where it is positioned as the platform with the highest trading volume in the world.

Binance’s global reach is also a key factor in its success. The platform is available in more than 180 countries and territories, and the company has offices in more than 40 countries, enabling a local presence and efficient user support. Binance stands out for its multilingual customer service, which ensures adequate support for its large international user base.

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