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January 19, 2023

CoinsPaid's total transaction amount grows by 45%

CoinsPaid releases positive results data for the period including FTX and related market makers' bankruptcy.


Jan. 17, 2023 CoinsPaid the crypto payment provider announced that the company had seen growth in the total number of transactions by 45% during the autumn quarter. This included an overall transaction growth despite the BTC crash in November 2022.


The date released indicated that when BTC crashed by 17% in November 2022, CoinsPaid saw a 44% increase during this month in overall transaction amount compared to the same period in 2021. 


From September to November 2022, CoinsPaid witnessed a 45% growth in the total transaction amount, increasing by 1.7 million. This represents growth of 18% compared to the summer quarter results.


Customers also showed increasing interest in stablecoins on the CoinsPaid platform during this period. USDT transactions increased by 488% in 2022. This caused the stablecoins' transactions distribution to move from 2% in 2021 to 9%, as they are perceived to offer a safer store of value option.


During the 2022 summer quarter, the number of transactions on CoinsPaid for BTC increased by 103% and by 1% for ETH. In the autumn period, however, the number of transactions increased by 20% for BTC and 180% for ETH, respectively.

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