Banxa announces 34% monthly growth with $117 million transaction value

15 October 2021

TORONTO and MELBOURNE, Australia, Oct. 12, 2021 /CNW/ – 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, has today announced its results for September 2021. The company has recorded a Total Transaction Value (TTV) of $117.5 mn AUD.


The company recorded a September Total Transaction Value (TTV) of $117.5 MN AUD – A 34% increase over the previous month
This TTV represents a 412% increase Y-o-Y.
For the quarter ending Sept 30, the TTV was $252.3 MN AUD
Bitcoin and Stablecoins (USDC/USDT) both saw the most significant volume growth – in line with market demand
Local payment methods such as bank transfer (Interac, SEPA Instant, etc.) had the highest growth, proving that Banxa’s local payments provide cheaper fees and more consumer trust than credit cards

Speaking about the results, Banxa CEO Holger Arians said: “It’s great to see the market begin to pick up again after a few months of uncertainty. We believe the future of the digital asset space will be driven by deeper integration with traditional payments and financial services, and building the infrastructure to achieve this is our core objective. More rigid compliance protocols, greater transparency and more local payments are the key areas we have focused on, and the market has responded to this.”

Banxa’s 2-layer platform of payments and compliance infrastructure for cryptocurrency exchanges and DeFi platforms has created significant and sustained interest in the company, largely as a response to increased regulatory scrutiny of the digital asset space. This response from regulators has impacted a number of players in the sector, both large and small. Banxa is actively expanding in all major markets, including North America, the EU, and Asia Pacific and is actively pursuing further licensing and regulatory recognition in those markets.

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 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.

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SOURCE Banxa Holding Inc
For further information: CONTACTS: Investor Relations: North America: +1 (604) 609 6169, International: +61 451 744 080, Email: [email protected]; Lytham Partners, LLC, Ben Shamsian, New York/Phoenix, Email: [email protected], Media Contacts: Liam Bussell, Head of Corporate Communications, Email: [email protected]