Banxa Hldgs Stock Price, News & Analysis

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.

Banxa Holdings (TSX-V:BNXA, OTCQX:BNXAF) announced its participation in the Q1 Virtual Investor Summit on March 8, 2022, where Domenic Carosa, Founder and Chairman, will engage in one-on-one meetings with investors. The event will be held at 1:15 p.m. Eastern Time and requires registration. Banxa, a pioneer in payment services for the digital asset sector, aims to enhance financial accessibility globally. Based in Melbourne, Australia, with European operations in Amsterdam, Banxa is committed to providing regulatory compliance and payment infrastructure.

Banxa Holdings Inc. reported impressive financial results for the quarter ending December 31, 2021. Total Transaction Value soared 461% year-over-year, reaching $594 million AUD ($431 million USD), while revenue increased by over 522% to $28 million AUD ($21 million USD). The company holds $26 million AUD in liquid assets and achieved adjusted positive operating cash flow for the six-month period. However, it reported an adjusted EBITDA loss of $1.3 million AUD ($0.9 million USD). Banxa's expansion in the digital asset space continues, bolstered by the addition of 30 new coins and chains.

Banxa Holdings reported a total transaction volume (TTV) of AUD $169.3 million (USD $121.4 million) for January 2022, reflecting a significant increase of 300% year-on-year. The company processed over 210,000 transactions and established five new partnerships, including with Loopring. Additionally, Banxa expanded its services by adding 14 new fiat currencies. CEO Holger Arians noted the rapid growth in the crypto ecosystem, emphasizing the company's commitment to innovation and compliance to enhance access to digital currencies.