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Banxa Holdings Inc (BNXAF) is a global on-and-off ramp solution provider for the crypto market. The company achieved a significant milestone by registering as a cryptoasset business with the FCA in the UK. With a focus on expanding markets and partnerships, Banxa aims to facilitate crypto adoption worldwide. The company's latest achievement includes positive adjusted EBITDA operations for January 2024, setting a solid foundation for sustainable growth and shareholder value.
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.
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.
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