Blockchain

Highlights:

  • Q3 2022 Total Transaction Volume (TTV) of AUD $355 million (USD $274 million) up from AUD $207 million (USD $159 million) in Q3 2021
  • March 2022 TTV of AUD $81 million (USD $60 million)
  • Signed 9 new partners including Paxful, Pionex and 1Inch
  • Added 13 new coins including APE (ApeCoin), CAKE (PancakeSwap) and AXS (Axie Infinity)

Banxa Holdings Inc. (TSX-V: BNXA) (OTCQX: BNXAF) (FSE: AC00) ("Banxa" or "The Company"), the world's first listed payment service provider (PSP) and RegTech platform for the digital assets industry, has today announced its March 2022 TTV, recording AUD $81 million (USD $60 million

For the quarter ending March 31, 2022, the Company recorded a 71% year-on-year increase compared to the same reporting period in 2021, growing from AUD $207 million (USD $159 million) to AUD $355 million (USD $274 million), in line with the market conditions.

In March, Banxa added 9 new partners to its network, including Paxful, the large well-known peer-to-peer exchange platform with over six million users, Pionex the automated trading leader driven by crypto trading bots, and 1Inch, the top 10 DEX aggregator and a key player in the DeFi space. These new partners provide significant growth opportunities and great exposure to existing and emerging markets.

The business also added 13 new coins across ten chains, including the highly anticipated APE (ApeCoin), CAKE (PancakeSwaP) and AXS (Axie Infinity). Adding these new coins solidifies Banxa's mission to bridge the gap between the fiat and crypto worlds, creating more access points for millions of consumers worldwide to enter the cryptocurrency market.

"Over the past few months, we've seen the crypto market re-energize. Joining the wider crypto community at leading events in the last few weeks, including Miami NFT Week and NFT LA, we've seen increasing passion and support from the crypto industry regarding our continued investment and breadth in offering. We're excited to be a part of the unique opportunities in the coming months, as we anticipate the market will accelerate quickly this year with the growing broader community interest," said Holger Arians, Banxa CEO.

Banxa has also announced the departure of Dave Malcolm as the Company's Chief Marketing Officer. Dave was a steady guiding force for the company from its early days. Chloe Sasson, Banxa Chief of Staff, will be stepping into the role for the interim.

"I would like to thank Dave for his immeasurable contributions to the company as we navigated our existence as a publicly traded company. We wish Dave only the best in his future endeavours," said Holger Arians, Banxa CEO.

Banxa has also announced that it has granted 40,000 Options to an officer of the Company. The Options vest over 24 months, have an expiry of 5 years and are exercisable at CAD $2.50.

Market Maker Engaged

The Company has engaged the services of Generation IACP Inc. ("Generation") to provide services as a market maker in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. Generation will receive a fee of CAD $7,500 plus applicable taxes per month. The agreement between the Company and Generation is for an initial term of six (6) months and shall be automatically renewed for subsequent four (4) month periods (collectively, the "Term") unless the Company provides written notice of termination to Generation at least 30 days prior to the end of the Term or Generation provides a written notice of termination to the Company. Commencing on the first anniversary of the agreement, the fee payable to Generation will automatically increase annually by 3.0%. No stock options or other compensation are being granted in connection with the engagement. Generation does not currently own any securities of the Company; however, Generation and its clients may acquire an interest in the securities of the Company in the future.

-----ends-----

ON BEHALF OF THE BOARD OF DIRECTORS
Per: "DOMENIC CAROSA" https://twitter.com/dcarosa
Domenic Carosa
Chairman (1-888-218-6863)

Banxa Holdings Inc. (TSX-V: BNXA) (OTCQX: BNXAF) (FSE: AC00)

Banxa powers the world's largest digital asset platforms by providing payments infrastructure and regulatory compliance across global markets. Banxa's mission and vision are to build the bridge that provides people in every part of the world access to a fairer and more equitable financial system. Banxa is headquartered in Melbourne, Australia, with European headquarters in Amsterdam, the Netherlands.

For further information go to www.banxa.com

This news release may contain "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies.

These statements generally can be identified by the use of forward-looking words such as "may", "should", "will", "could", "intend", "estimate", "plan", "anticipate", "expect", "believe" or "continue", or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance.

Banxa's statements expressed or implied by these forward-looking statements are subject to a number of risks, uncertainties, and conditions, many of which are outside of Banxa's control, and undue reliance should not be placed on such statements. Forward-looking statements are qualified in their entirety by the inherent risks and uncertainties of the Company's business, including: Banxa's assumptions in making forward-looking statements may prove to be incorrect; adverse market conditions, including risks related to COVID-19 and risks that future results may vary from historical results.

Except as required by securities law, Banxa does not assume any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For Further Information, see www.banxa.com

CONTACTS:

Investor Relations:
Email: Investor@banxa.com

Apollo Shareholder Relations
Retail Investor Contact
604-757-3698

Brian M. Prenoveau, CFA
MZ North America
561-489-5315
BNXA@mzgroup.us

Media Contacts:
Michelle Boland, PR Group
Email: banxa@prgroup.com.au

SOURCE: Banxa Holdings



View source version on accesswire.com:
https://www.accesswire.com/697053/Banxa-Records-71-YOY-Increase-for-March-Quarter-2022

News Provided by ACCESSWIRE via QuoteMedia

BNXA:CA
Keynotes, Educational Panels and 88 Companies to Present at the Planet MicroCap Showcase on May 3-5, 2022 at Bally's Hotel & Casino in Las Vegas, NV

Keynotes, Educational Panels and 88 Companies to Present at the Planet MicroCap Showcase on May 3-5, 2022 at Bally's Hotel & Casino in Las Vegas, NV

SNN Network presents the Planet MicroCap Showcase taking place on May 3-5, 2022, where 88 MicroCap public and private companies will be presenting at Bally's Hotel & Casino in Las Vegas, NV

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Banxa Holdings Inc. Reports Results of Its Annual General and Special Meeting

Banxa Holdings Inc. Reports Results of Its Annual General and Special Meeting

Banxa Holdings Inc. (TSXV:BNXA)(OTCQX:BNXAF)(FSE:AC00) ("Banxa" or the "Company") is pleased to announce that all matters submitted to shareholders for approval as set out in detail in the Company's management information circular ("Circular") dated February 16, 2022 were approved at the annual general and special meeting of the shareholders of the Company held on March 31, 2022 (the "Meeting"). At the Meeting RSM Canada LLP was re-appointed as auditor of the Company, and the incumbent members of the board of directors, being Doron Cohen, Domenic Carosa, Matthew Cain and Joshua Landau were re-elected

In addition to the above, disinterested shareholders of the Company voted in favour of making certain amendments to the escrow agreement dated September 27, 2018 (the "Escrow Agreement") among the Company (formerly as A-Labs Capital I Corp.), TSX Trust Company and certain shareholders of the Company, to align the Escrow Agreement with changes made to the TSX Venture Exchange ("TSXV" or the "Exchange") Policy 2.4 - Capital Pool Companies, which became effective as at January 1, 2021 (the "New CPC Policy").

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BANXA Announces AUD $106 Million February Transaction Volume & Secures Cryptocurrency Custody Registration

BANXA Announces AUD $106 Million February Transaction Volume & Secures Cryptocurrency Custody Registration

Highlights:

  • February 2022 Total Transaction Volume (TTV) of AUD $106 million (USD $76 million) up 48% Year-on-Year
  • Five new partners signed in February, including TokenPocket, ApolloX, IDEX, Sologenic and IX Swap
  • Added two new fiat currencies in February, now supporting a total of 32
  • Secured Netherlands cryptocurreny custody registration from the Dutch National Bank (DnB)

Banxa Holdings Inc. (TSXV:BNXA)(OTCQX:BNXAF)(FSE:AC00) ("Banxa" or "The Company"), the world's first listed payment service provider (PSP) and RegTech platform for the digital assets industry, has today announced its February 2022 TTV, recording AUD $106 million (USD $76 million), and growth of 48% Year-on-Year. The TTV is broadly in line with the decline in volumes of the overall cryptocurrency market

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Banxa Breaks Down Crypto Barriers by Launching World-Leading Layer 2 Fiat On-Ramp

Banxa Breaks Down Crypto Barriers by Launching World-Leading Layer 2 Fiat On-Ramp

Banxa Holdings Inc. (TSXV: BNXA) (OTCQX: BNXAF) (FSE: AC00) ("Banxa" or "The Company"), payment service provider (PSP) and RegTech platform for the digital assets industry, is proud to announce the launch of its world-leading Layer 2 (L2) Fiat On-Ramp.

While the cryptocurrency market has significantly grown, heavy fees and complex purchasing systems have weighed upon the industry providing unnecessary complexities and barriers to entry. The Australian-founded organisation, Banxa, has developed purchasing for a range of L2 protocols - available now - to eliminate these barriers. These protocols currently include Arbitrum, Optimism, and zkSync, allowing users to pay with Banxa's wide range of global and local payment options, including credit card and bank transfers, for direct purchasing on L2.

The L2 Fiat On-Ramp will completely disrupt the current system by removing high "gas fees" accumulated throughout the crypto transaction process. At the same time, it will also be a catalyst to reducing fulfillment times, an issue faced within an industry that prides itself on agility and fast transactions. In 2021, Banxa processed one order every 18 seconds a day, a transaction value over USD 880 million, showcasing the true scale of transactions moving through the market.

"The crypto industry faces a complex web of challenges and barriers that might have discouraged consumers and merchants from making purchases in the past. The launch of our L2 Fiat On-Ramp offers greater accessibility to a whole new audience, breaking down two key entry barriers: high fees and faster processing times. We are honored to be launching this world-leading product as a way to transform the industry," said Banxa CEO Holger Arians.

Banxa is a pioneer in cryptocurrency as it has created its own technology on blockchain and is rapidly expanding. The business offers a market-leading range of currencies and payment methods globally.

Since its January 6th, 2021 IPO, Banxa has gone from strength to strength, growing from 38 to over 200 team members, adding over 31 new coins and additional payment methods, such as SEPA Instant and others. Additionally, the company has accelerated its already rapid onboarding of new partners, securing 103% growth in 2021 alone.

In celebration of this launch, Banxa is offering free purchasing Layer 2 with Optimism, Arbitrum and zkSync for a limited time[2]. User's spread fees will be waived; however, standard payment surcharges will apply, such as credit card transaction fees. This offer is now available to all users on these protocols.

ENDS

About Banxa

Banxa Holdings Inc. (TSXV: BNXA) (OTCQX: BNXAF) (FSE: AC00) powers the world's largest digital asset platforms by providing payments infrastructure and regulatory compliance across global markets. Banxa's vision and mission is to build the bridge that provides people in every part of the world access to a fairer and more equitable financial system. Banxa is headquartered in Melbourne, Australia, with European headquarters in Amsterdam, the Netherlands.

For further information, go to www.banxa.com

This news release may contain "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies.

These statements generally can be identified by the use of forward-looking words such as "may", "should", "will", "could", "intend", "estimate", "plan", "anticipate", "expect", "believe" or "continue", or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance.

Banxa's statements expressed or implied by these forward-looking statements are subject to a number of risks, uncertainties, and conditions, many of which are outside of Banxa's control, and undue reliance should not be placed on such statements. Forward-looking statements are qualified in their entirety by the inherent risks and uncertainties of the Company's business, including: Banxa's assumptions in making forward-looking statements may prove to be incorrect; adverse market conditions, including risks related to COVID-19 and risks that future results may vary from historical results.

Except as required by securities law, Banxa does not assume any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

---------------------

ON BEHALF OF THE BOARD OF DIRECTORS
Per: "DOMENIC CAROSA" https://twitter.com/dcarosa
Domenic Carosa
Chairman (1-888-218-6863)

CONTACTS:
Investor Relations:
North America: +1 (604) 609 6169
International: +61 407 790 016
Email: Investor@banxa.com

Lytham Partners, LLC
Ben Shamsian
New York/Phoenix
Email: shamsian@lythampartners.com

Media Contacts:
Dave Malcolm, Chief Marketing Officer
Email: dave.malcolm@banxa.com

Michelle Boland, PR Group
Email: michelleb@prgroup.com.au

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