Crypt reported an increase in its billing

Crypto, the cryptocurrency buying and selling platform has reported an increase in its turnover of 1.35 million euros, doubling the turnover in the beginning of 2020. At the beginning of the year, the platform launched a round of financing worth 150,000 incorporating major investors.

 Crypt reported an increase in its billing

The effects of COVID-19

Crypto, the cryptocurrency buying and selling platform has reported an increase in its turnover of 1.35 million euros, doubling the turnover in the beginning of 2020. At the beginning of the year, the platform launched a round of financing worth 150,000 incorporating major investors. In their statement they reported: “Among them are Louis Kim, co-founder of Korbit, a Korean exchange that was sold two years ago with a valuation close to $ 150 million; Viriditas, Yago Arbeloa's collection; John Nahm, managing director of Strong Ventures; Sergio Fernández, investor in startups like ThePowerMBA; David Mor, partner and managing director of Ifedes; and Jesús Pérez, director of CryptoPlaza and director of Digital Assets Institute.”

In the statement, the company explained the great growth they are experiencing since 2019 and how the crisis of the COVID-19 pandemic affected their billing: “Criptan closed 2019 with a total of 600,000 euros billed. And the evolution since the beginning of the year has been a multiplier, due in part to the current situation of the stock market swings and the COVID-19 crisis, which has multiplied the volume of cryptocurrency purchases by four in the last 20 days.”

The company's forecast, despite the current crisis, is positive. Jorge Soriano, co-founder of Criptan, explained that the forecasts for 2020: “They are positive but we want to be cautious, since a series of events have been triggered by the coronavirus that have many consequences for the economy. During the first days of the crisis, our cryptocurrency purchase volume has grown and we believe it will continue to do so due to the measures being taken by central banks.”