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Bullboard - Stock Discussion Forum Banxa Holdings Inc V.BNXA

Alternate Symbol(s):  BNXAF

Banxa Holdings Inc. is a Canada-based company, which provides a financial technology platform. The Company’s principal business activity is being a payment service provider to global cryptocurrency exchanges. The Company’s products include On & Off Ramps, NFT Checkout, OpenRamp and Token Listings. It offers extensive global and local payment options resulting in conversion rates up to three... see more

TSXV:BNXA - Post Discussion

Banxa Holdings Inc > Should be a good week
View:
Post by PennyWise416 on Apr 18, 2021 10:02pm

Should be a good week

More eyes on BNXA stateside seems like, currencies regaining all week, coinbase brought more retail attention to this largely unknown area of crypto stocks.
Comment by Vancity1 on Apr 19, 2021 2:30am
In my opinion April will be another record setter with 100M$ + TTV 13 new customers added in March and BTC/ETH/ALT coins with all time highs with lots of volitility Meaning people buying the dips  this is Banxas bread and butter. Banxa is partners with the top 3 exchanges in the world with many more partnerships coming. Annual TTV will be over 1.2B$ Growing at what rate ? 
Comment by Urbani on Apr 19, 2021 6:04am
Excellent ! "lots of volitility Meaning people buying the dips" When Botcoin was $53,000 BNXA was over $8 per share When Bitcoin was over $60,000 BNXA was over $6 per share ! However, Bitcoin price, other then BNXA's holdings of Bitcoin, has little to do with what drives BNXA, which is VOLITILITY... So this is great for BNXA and TTV's and revenue are screaming wayyyyy higher ...more  
Comment by Vancity1 on Apr 19, 2021 9:28am
if your going to copy me word for word at least like me post first lol 
Comment by GoldenArm on Apr 19, 2021 10:39am
Definitely the price moved down because of bitcoin. However trading makes BNXA more revenue not less. Therefore traders and weak hands left and now BNXA needs to show TTV and come out with revenue numbers.
Comment by YoEdwest on Apr 19, 2021 10:46am
I think TTV is only based on fiat-crypto and crypto-fiat transactions, while crypto volatility may increase both, it may also slow both as value sits on both sides without conversions. Does this make sense ?  
Comment by Urbani on Apr 19, 2021 10:51am
If no one is making transactions, yes... But when volume is spiking in the crypto World right now ... tells me cash isn't sitting on the sidelines... COIN is down 3% right now, while BNXA is been punished ... but I agree, it would appear that the seller may be not understanding or what revenues are here... So we shall wait for more news...
Comment by GoldenArm on Apr 19, 2021 11:05am
Make sense? None. People are trading cryptos which don't exist or backed by anything (like the US dollar). However no one is using cryptos to buy stuff  (ie. purchasing goods). It's all trading of 0s and 1s. This is why the banks haven't shut them down. If people used Cryptos to buy stuff then Bitcoin would be history. BNXA facilitates the trades therefore if you take Bitcoin ...more  
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