BANXA (TSX-V:BNXA, OTCQX:BNXAF) Holdings Inc, the world's first listed payment service provider (PSP) and RegTech platform for the digital assets industry, has announced its January 2022 total transaction values (TTV), recording US$121.4 million (AU$169.3 million), up 207% year-on-year, which it said was in line with the general market trends.
In January, BANXA (TSX-V:BNXA, OTCQX:BNXAF) processed over 210,000 transactions and added five new partners, including Coinex, Loopring and Safeswap.
The company also added 14 new fiat currencies in January alone, enabling seamless access to digital currencies through multiple payment methods.
READ: Banxa Holdings records total transaction volume of US$131M in December 2021
In a statement, BANXA (TSX-V:BNXA, OTCQX:BNXAF) CEO Holger Arians commented: "The crypto ecosystem is accelerating at lightning speed, and we're excited to tap into this growth in 2022. Working with an expanding number of partners in the market, we're focused on innovation and driving success through our infrastructure, rigid compliance protocols, local payments, and additional fiat currencies."
In December 2021, Banxa recorded TTV of US$131 million, which represented a year-over-year increase of 337%, as the Banxa team processed over 7,000 transactions daily.
Banxa powers the world's largest digital asset platforms by providing payments infrastructure and regulatory compliance across global markets. Its 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.
The company is headquartered in Melbourne, Australia, with European headquarters in Amsterdam, the Netherlands.
-- Updates with year on year growth --
Contact the author at jon.hopkins@proactiveinvestors.com