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Highlights:
- Monthly Total Transaction Volume (TTV) of $78 million AUD, an increase of 275% year-on-year
- New partners signed including Hivelly and Bityard
Banxa Holdings Inc. (TSXV: BNXA) (OTCQX:BNXAF) (FSE:AC00) ("Banxa" or "The Company"), the world's first listed payment service provider (PSP) and Reg-Tech platform for the digital assets industry, today announced its latest TTV numbers of $78 million AUD for August 2021 and the addition of two new partners who both signed agreements on standard commercial terms.
Banxa has also continued to build out its compliance solutions for global digital asset businesses, largely driven by requests from the company's partners. This focus on regulation and compliance service provision moves Banxa firmly into the Reg-Tech space with its Compliance-as-a-Service model.
Holger Arians, CEO of Banxa said, "It has been a couple of exciting weeks for us - barring Tuesday's BTC sell off, we've seen an overall pick up in volumes across the digital asset sector that seems likely to continue. Additionally, it is great to announce new partners coming onboard. Bityard is based in Asia Pacific and it is excellent to partner with another great company in the region. Hivelly is also now live, and is a welcome addition to the Banxa network."
Bityard is headquartered in Singapore and holds a Money Service Business (MSB) registration with FinCEN for the US market. The exchange serves customers across Asia and the Pacific region, and globally. Hivelly is a copy trading exchange that makes it possible for anyone to buy and sell and trade cryptocurrencies.
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ON BEHALF OF THE BOARD OF DIRECTORS
Per: "DOMENIC CAROSA" https://x.com/dcarosa
Domenic Carosa
Chairman (1-888-218-6863)
ABOUT US
Banxa Holdings Inc. (TSXV: 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 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.
SOURCE Banxa Holdings Inc
For additional information:
CONTACTS:
Investor Relations:
North America: +1 (604) 609 6169,
International: +61 451 744 080,
Email: Investor@banxa.com;
Lytham Partners, LLC,
Ben Shamsian,
New York/Phoenix,
Email: shamsian@lythampartners.com;
Media Contacts:
Liam Bussell, Head of Corporate Communications,
Email: Liam@banxa.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/95962
