In 2022, the crypto market faced significant challenges followed by sharp decline in most of the cryptos, and a fall in Bitcoin value from $28,994 to $16,551. Despite the bearish market, CoinsPaid managed to maintain its growth trajectory, with a 40% increase in the number of transactions and a 32% increase in transaction volume in Q4 2022 compared to the same period in 2021.
CoinsPaid is a crypto payment ecosystem that provides solutions for businesses and individuals to integrate crypto into daily life and commerce.
The company has seen significant growth, handling a total of 34 million transactions worth €19 billion.
In Q4 2022, CoinsPaid completed 5.8 million transactions worth over €3 billion, showing a 40% increase in the number of transactions and a 32% increase in transaction volume compared to Q4 2021.
Despite the market decline in the latter half of 2022, CoinsPaid continued to grow with a 21% increase in total transaction amount and an 11% increase in transaction volume from Q3 2022 to Q4 2022.
The CEO of CoinsPaid attributes the company’s growth to its talented team of 200 members and their desire to achieve greater goals.
Max Krupyshev, Co-Founder and CEO of CoinsPaid, said: “While 2022 was a true challenge for the market, CoinsPaid managed to properly adjust to the current market tendencies, continuously improving and implementing new product features, and ensuring the team’s growth, which now includes up to 200 members.”
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