BANXA   a Payment Service Provider for the digital asset industry announced Total Transaction Value for February 2021 of CAD $70.4M . This result is up over 980% from Feb 2020 based on the Previous Corresponding Period . [Management Prepared]. This follows the January 2021 reported TTV of CAD $55M bringing the combined TTV for Jan Feb 2021 to CAD $125M which means the company has exceeded the December 2020 quarter ...

BANXA (TSXV: BNXA) (FSE: AC00) (OTCQX: BNXAF) ("BANXA" or "Company") a Payment Service Provider (PSP) for the digital asset industry announced Total Transaction Value (TTV) for February 2021 of CAD $70.4M (AUD$71.5M). This result is up over 980% from Feb 2020 based on the Previous Corresponding Period (PCP). [Management Prepared].

This follows the January 2021 reported TTV of CAD $55M , bringing the combined TTV for Jan/ Feb 2021 to CAD $125M , which means the company has exceeded the December 2020 quarter TTV of $111M with a month still to go.

Holger Arians, CEO of BANXA said, "Since our launch in 2014, Banxa has grown from strength to strength. The recent dip in the bitcoin market has left our order volume unaffected, and our market share continues to increase. As the company expands, our aim is to build our systems and teams for scale. While we anticipated rapid growth, current market conditions are having us revise our projections as we continue to exceed our own forecasts. We look forward to 2021 and the unveiling of new products and offerings to better serve our customers and partners."

Banxa provides its clients safe, compliant access to the digital assets market, Banxa partners include major exchanges and wallets including Binance, OKEx, Huobi,  Edge and Kucoin. Unlike its competitors, Banxa actively pursues regulation and licensing in the markets that it enters, with the aim of providing more options and services for its global customer base.

ON BEHALF OF THE BOARD OF DIRECTORS
Per: "DOMENIC CAROSA"
Domenic Carosa
Chairman (+1-888-218-6863)

About BANXA

BANXA (TSX-V:BNXA - Banxa Holdings Inc.) is a Payment Service Provider (PSP) with a mission to build the bridge between traditional financial systems, regulation and the digital asset space. Our goal is to onboard the general public to digital currency by building a fully compliant payment infrastructure that enables simple and secure conversion of fiat currency to digital currency. (USD/CAD to BTC/ETH) Banxa has offices in Australia and 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

SOURCE Banxa Holding Inc

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2021/08/c6618.html

News Provided by Canada Newswire via QuoteMedia

Banxa Announces Fiscal Results for September Quarter 2021

Banxa Announces Fiscal Results for September Quarter 2021

Highlights:

  • $256 million AUD ($182 million USD) Total Transaction Value (TTV) up 205% year on year
  • Revenue of $12 million AUD ($8.5 million USD) - up over 316% year on year
  • $25 million AUD ($18 million USD) in liquid assets (including cash and equivalents)
  • Adjusted EBITDA loss of $1.2 million AUD ($0.8 million USD)
  • Added 17 new coins with current support for 39 coins

Banxa Holdings Inc. (TSXV: BNXA) (OTCQX: BNXAF) (FSE: AC00) ("Banxa" or "The Company"), the world's first public payment service provider (PSP) and compliance Reg-tech platform for the digital asset industry, is pleased to announce its September 2021 quarter results. The full results including MD&A are available on Sedar.

Keep reading... Show less
CoinAnalyst Launches Crypto Intelligence Newsletter Globally

CoinAnalyst Launches Crypto Intelligence Newsletter Globally

The Crypto Market Letter, previously only available in Germany, will be available for global distribution starting December 1, 2021

 CoinAnalyst Corp. (CSE: COYX) (FSE: 1EO) ("CoinAnalyst" or the "Company"), a company that provides an artificial intelligence-based big data analytics platform (the "Platform") which delivers detailed AI-powered analysis of market sentiment, fundamentals, and technical indicators to investors in the digital asset sector and other industries, announced today the worldwide distribution of their Crypto Market Letter.

Keep reading... Show less
Codebase Receives Update from Arcology on Its Amazon Web Services  Test Results

Codebase Receives Update from Arcology on Its Amazon Web Services Test Results

Arcology Network Advancing Development with Large-Scale Test on Amazon Web Services

Codebase Ventures Inc. ("Codebase" or the "Company") (CSE:CODE)(FSE:C5B)(OTCQB:BKLLF) is pleased to announce that the Mr. Laurent Zhang, Founder and President of Arcology, in which CODE has an investment, has provided an update on Arcology's progress

Keep reading... Show less
Banxa Announces Partnership with Mining Platform NiceHash for Crypto Buy/Sell

Banxa Announces Partnership with Mining Platform NiceHash for Crypto Buy/Sell

Banxa Holdings Inc. (TSXV: BNXA) (OTCQX: BNXAF) (FSE: AC00) ("Banxa" or "The Company"), the world's first public payment service provider (PSP) and compliance RegTech platform for the digital asset industry, is pleased to announce it is now live with mining and trading giant NiceHash. Nicehash has over 1 million daily users. Banxa will provide crypto BuySell functionality for NiceHash users.

NiceHash, a EU based marketplace for hash power allowing small and individual miners from around the world to rent out their computational capacities. The mining company was founded in 2014 and is now the world's leading cryptocurrency platform for mining and trading. The platform is used daily by cryptocurrency miners, buyers of hash power and crypto traders. With over 1 million daily users and 9 million orders served, NiceHash is a leader in the decentralized mining space.

Keep reading... Show less
RevoluGROUP Canada Inc. Provides Corporate Update

RevoluGROUP Canada Inc. Provides Corporate Update

RevoluGROUP Canada Inc. (TSX-V: REVO ) (Frankfurt: IJA2 ) (the "Company") is pleased to announce an update.

  • Jason Tong as Chief Financial Officer
  • Derek Sobel as Corporate Secretary
  • Issuance of 5 million Incentive Stock Options
  • Recommencement of Travel Sales
  • Recommencement of VCC Processing
  • DCE White Label Launch
  • Negotiations - Prominent Canadian Online Foreign Exchange
  • Negotiations - Fortune 500 Company Collaboration Agreement
  • Top Tier Card Issuer Negotiations
  • DFSA Financial License
  • Million Bridges and Sendity White Labels
  • RevoluGROUP AGM

The Company Welcomes Jason Tong as CFO

Keep reading... Show less
CoinAnalyst Corp. Partners with iVest+ to Bring Proprietary Indicators to Innovative Trading Platform

CoinAnalyst Corp. Partners with iVest+ to Bring Proprietary Indicators to Innovative Trading Platform

CoinAnalyst Corp. (CSE: COYX) (FSE: 1EO), a company that provides an artificial intelligence-based, big data analytics platform enabling investors in the digital asset sector and other industries to access a custom dashboard, today announced it has partnered with iVest+, the next generation trading platform.

"From the moment we started talking, there has been a natural synergy between the two companies. We are excited to provide our Big Data and AI indicators to further enhance their already industry leading trading platform," stated Andrew Sazama, COO of CoinAnalyst.

Keep reading... Show less

Top News

Related News