Spread-Bet.co.uk analysis of the Bank for International Settlements’ 2025 Triennial Survey shows that London remains the world’s leading foreign exchange centre. The UK cleared 37.8% of all daily forex transactions in 2025, equivalent to USD 4.7 trillion per day.
While down from 43.1% in 2019, London’s share has been stable since 2022 and continues to dwarf other markets. The city retains its role as the anchor of global FX liquidity, attracting orders from every time zone and serving as the benchmark for pricing and risk transfer. This is why its the home to the most spread betting providers and some leading forex brokers.
US and Asia Continue to Grow
The US has increased its share to 19%, up from 16.5% in 2019 and 17.9% in 2022. New York remains essential for dollar liquidity, derivatives, and prime brokerage, even as trading flows diversify into Asia.
Singapore has seen the largest gains, rising to 11.8% in 2025 from 7.6% in 2019 and 9.0% in 2022. Hong Kong has held steady at 7.0%, while Japan accounts for 4.0%, slightly down from 4.5% in 2019.
Together, these five centres — the UK, US, Singapore, Hong Kong, and Japan — now account for 79% of global forex turnover, showing both the concentration and the geographic shifts in the market.
London Remains the Anchor
“London’s strength lies in its infrastructure, regulatory framework, and concentration of institutional players,” said Justin Grossbard, co-founder of Spread-Bet.co.uk. “Even with Asia’s rise and New York’s growth, London still clears more than a third of all global forex trades daily. That makes it unrivalled as the centre of global currency trading.”
Expanding Global Market
Global foreign exchange turnover continues to expand alongside these geographic changes. Daily trading reached USD 9.6 trillion in April 2025, up 28% from USD 7.5 trillion in 2022. Annualised, this equates to more than USD 3.5 quadrillion in forex transactions each year.
“Where trades are executed is evolving, but London remains the benchmark,” added Grossbard. “Even as the centre of gravity moves closer to Asia, London’s liquidity and institutional depth keep it at the core of the global system.”
About Spread-Bet.co.uk
Spread-Bet.co.uk is a leading comparison site for financial spread betting in the United Kingdom. All providers listed on the site are FCA-regulated, with fees, trading platforms and customer service levels reviewed. The site is co-owned by Justin Grossbard, who also runs the CFD comparison platform CompareForexBrokers. For more information, visit www.spread-bet.co.uk.
Media Contact
Justin Grossbard
Co-founder, Spread-Bet.co.uk
justin@compareforexbrokers.com
