BANXA (TSX-V:BNXA, OTCQX:BNXAF) Holdings Inc, the world's first listed payment service provider and RegTech platform for the digital assets industry, has announced its March 2022 total transaction volume (TTV), recording US$60 million (AU$81 million).
For the quarter ending March 31, 2022, it recorded a 71% year-on-year increase in TTV compared to the same reporting period in 2021, growing from US$159 million (AU$207 million) to US$274 million (AU$355 million), in line with the market conditions, the company said.
BANXA (TSX-V:BNXA, OTCQX:BNXAF) said it added nine new partners to its network in March, 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 decentralized finance (DeFi) space. These new partners provide significant growth opportunities and great exposure to existing and emerging markets, it added.
READ: BANXA Holdings announces February 2022 total transaction value of US$76 million, up 48% year-on-year
The business also added 13 new coins across ten chains, including the highly anticipated APE (ApeCoin), CAKE (PancakeSwaP) and AXS (Axie Infinity), it said, adding these new coins solidifies its 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,” CEO Holger Arians said in a statement. “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.”
Banxa also announced the departure of Dave Malcolm as the company's chief marketing officer, saying he was a “steady guiding force” for the company from its early days. The company’s chief of staff, Chloe Sasson, 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,” Arians continued. “We wish Dave only the best in his future endeavours.”
Banxa said it has engaged the services of Generation IACP Inc 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 C$7,500 plus applicable taxes per month. The agreement between the company and Generation is for an initial term of six months and will be automatically renewed for subsequent four-month periods.
Banxa powers the world's largest digital asset platforms by providing payments infrastructure and regulatory compliance across global markets. The group is headquartered in Melbourne, Australia, with European headquarters in Amsterdam.
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