CoinsPaid has handled €16 billion in total, despite a falling crypto market
TALLINN, Estonia, 21 October 2022 /PRNewswire/ — Coins Paid the biggest crypto payment ecosystem, has processed over 16 billion euros crypto* in total and continues to grow by almost 1 billion euros per month in the declining market.
In Q3 2022, CoinsPaid completed 4.9 million transactions worth approximately €3 billion compared to Q3 2021, where it handled close to 2.5 million transactions with a volume of around €1.5 billion. Figures for Q3 2022 show 2X the volume of transactions and 1.94X the number of transactions in the same period in 2021. Remarkably, the average transactions in both quarters remained almost the same with only a difference of €47.
Over the past few years, the CoinsPaid ecosystem has seen unprecedented growth: a 27x increase in volume and a 16x increase in the number of transactions from 2019 to 2021. It has processed a total of 28.2 million transactions, and the transaction volume is €16 billion. In particular, the gateway processes about 8% of the global chain Bitcoin transactions.
“In Q3, we did a good job in product and business development, adjusting our business logic and strategy to the current market situation and strengthening our products with new features. This year, our team has grown to 200 members. While most companies like Robinhood, Coinbase and Gemini is facing layoffs, we have 50+ vacancies. And I believe that perseverance and team spirit will allow us to set new records this year,” said Max Krupyshevco-founder and head of CoinsPaid.
While crypto winter caused noticeable effects on crypto market, CoinsPaid continues to scale up its growth. The comparison between Q3 2021 and Q3 2022 shows a growth of 100.5% and 94% respectively in the volume of transactions and the number of transactions. Especially among the most popular tokens, such as LTC, BTC, USDT and ETHBTC made more than 50% of all transactions.
*Disclaimer:
All financial, statistical and other data about the customers/sellers, executed transactions, etc. are provided as an aggregate from the activities of all legal entities operating under the Coinspaid brand, specifically: (I) Dream Finance OÜ, Harju maakond, Kesklinna linnaosa, Rotermanni tn 6, 10111, Tallinn, Estonia; (II) Dream Finance UAB, Gynejq St. 14-65, Vilnius, Lithuania and (III) Dream Funding SAID THE CV., 3A Calle Poniente Y, 71 Avenida Norte, Col. Escalon, ed. Lexincorp, Office No. 3698, San Salvador, El Salvador.
SOURCE CoinsPaid
