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Banxa Holdings Inc. reported developments around embedded-crypto payment infrastructure, crypto-and-fiat payment integration, regulatory licensing, and financial results. The company described a network of global and local payment solutions and regulatory licenses used by businesses embedding crypto capabilities within payment platforms, including European crypto-asset service provider authorization through a Netherlands subsidiary.
Recent company news also documents Banxa's completed take-private arrangement with OSL Group, after which Banxa became a wholly owned subsidiary of the purchaser. Related updates covered shareholder and court approvals, change-of-control regulatory approvals, audited and unaudited financial results, and governance matters tied to the arrangement process.
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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.
Banxa Holdings reported a remarkable 337% year-on-year increase in Total Transaction Volume (TTV) for December 2021, totaling AUD $185m (USD $133m). The December 2021 quarter TTV reached $594m (USD $429m), more than doubling the previous quarter's figure. The company signed 14 new partners, including Ledger and Bitget, and expanded its supported coins to 80 by adding 18 new cryptocurrencies. Banxa has also entered into a $5 million unsecured credit facility with Maple Finance to support its growth in transaction volumes.
On May 19, 2021, Banxa Holdings Inc. announced that its Founder and Chairman, Domenic Carosa, will present at VirtualInvestorConferences.com on May 20 at 12:00 PM ET. The event encourages real-time interaction, allowing investors to ask questions during the session. If unable to attend live, an archived version will be available. Banxa aims to bridge traditional finance with digital assets, providing compliant payment solutions. Recent highlights include partnerships and transaction growth year-on-year.
Banxa Holdings (OTCQX: BNXAF) announced that its Founder and Chairman, Domenic Carosa, will participate in the Q1 Virtual Investor Summit from March 23-25, 2021. Carosa's presentation is scheduled for March 25 at 10:30 AM EST. This summit aims to connect smallcap and microcap companies with investors, featuring participation from over 100 companies and 300 investors. Interested investors can register at www.investorsummitgroup.com.
OTC Markets Group Inc. announced that Banxa Holdings Inc. (OTCQX: BNXAF), a digital asset payment service provider, has upgraded from the Pink market to the OTCQX Best Market, enhancing trading transparency for U.S. investors. This upgrade allows Banxa to leverage its home market reporting and comply with high financial standards and corporate governance. Chairman Domenic Carosa expressed enthusiasm about connecting with U.S. customers as the company aims to lead in the digital asset sector. Banxa's mission is to simplify and secure the conversion between fiat and digital currencies.