Banxa Hldgs Stock Price, News & Analysis

Banxa Holdings reported significant financial growth for the nine months ending March 31, 2022, with a 204% increase in Total Transaction Value (TTV) to AUD 1,205 million (USD 879 million). Revenue soared by 99% year-on-year to AUD 57 million (USD 41 million), supported by a 171% rise in Gross Profit to AUD 23 million (USD 17 million). However, the company faced an Adjusted EBITDA loss of AUD 6.6 million (USD 4.8 million), affected by market volatility. Banxa is expanding its operations with new entities in the USA and Turkey and added 12 new partners during the quarter.

Banxa Holdings (OTCQX:BNXAF) will announce its financial results for the quarter ending March 31, 2022, after market close on May 30, 2022. A live webcast to discuss these results is scheduled for May 31, 2022, at 8:30 AM ET. The company provides payment infrastructure and regulatory compliance solutions for the digital assets industry. Banxa aims to create a fairer financial system globally, with headquarters in Melbourne and Amsterdam.

Banxa Holdings (TSX-V:BNXA, OTCQX:BNXAF) has announced that Domenic Carosa, Founder and Chairman, will present at several upcoming investor and industry conferences. These include the Sequire Fintech Conference on May 19, 2022, the H.C. Wainwright Global Investment Conference from May 23-26, 2022, and the LD Micro Invitational from June 7-9, 2022. Each event will feature opportunities for one-on-one meetings with investors. Banxa aims to enhance access to a fair financial system through its payment solutions.

Banxa Holdings (TSXV:BNXA) announces the launch of its Fiat to NFT Checkout solution, targeting the expanding USD$17 billion NFT market. This partnership with Atomic Hub aims to ease NFT purchases for consumers using credit cards. In April, Banxa secured new partnerships with BitForex, Umbria, and CoinTiger, while adding five new coins including HBAR and LUNA. The company's Total Transaction Value for April reached AUD$79 million (USD$56 million), reflecting a market-aligned performance.

Banxa Holdings is expanding its global footprint by establishing local operations in Brazil, Turkey, the UK, and the USA, enhancing accessibility to digital asset transactions. The company has launched local payments in Brazil via PIX, increasing consumer options for fiat to crypto conversions. Additionally, Banxa has partnered with Hedera to support USDC stablecoin transactions, marking a significant milestone in the Web3 ecosystem. This expansion aims to facilitate crypto adoption in emerging markets while improving transaction efficiency for its partners.

Banxa Holdings announced a significant growth in its Total Transaction Volume (TTV), reaching AUD $355 million (USD $274 million) for Q3 2022, a 71% increase year-on-year from AUD $207 million (USD $159 million). In March 2022, TTV was AUD $81 million (USD $60 million). The company signed nine new partnerships, including major platforms like Paxful and Pionex, and introduced 13 new cryptocurrencies such as APE and AXS. Additionally, Banxa engaged a market maker while announcing the departure of its CMO.

BANXA Holdings (TSX-V:BNXA) (OTCQX:BNXAF) has announced its participation in significant conferences that will enhance its presence in the digital assets industry. The company will attend Bitcoin 2022 from April 6-9 in Miami Beach, FL, focused on cryptocurrency and individual sovereignty. Additionally, SNN Planet MicroCap Showcase will take place May 3-5 in Las Vegas, NV, where founder Domenic Carosa will present on May 4 at 3 PM PT. Banxa aims to bridge access to equitable financial systems and is headquartered in Melbourne.

Banxa Holdings Inc. held its annual general and special meeting on March 31, 2022, where shareholders approved all agenda items, including the reappointment of RSM Canada LLP as auditors and the re-election of board members. Significant amendments were made to the escrow agreement, reducing the term from 36 to 18 months, pending TSXV approval. Additionally, a new 10% rolling stock option plan was adopted to align with recent TSXV Policy changes. These decisions aim to enhance corporate governance and compensation structures.

Banxa Holdings Inc. announced a Total Transaction Volume (TTV) of AUD $106 million (USD $76 million) for February 2022, marking a 48% year-on-year increase. In February, Banxa processed over 127,000 transactions and welcomed five new partners, including TokenPocket and ApolloX. The company expanded its fiat currency support to a total of 32 currencies and secured cryptocurrency custody registration from the Dutch National Bank, enabling it to hold Bitcoin and Ethereum for customers. This highlights Banxa's growing footprint in the digital assets market.