Banxa Announces Update On Partnerships, Product and Audited FY24 Results Conference Call

TORONTO, Oct. 10, 2024 /CNW/ - Banxa Holdings Inc. (TSXV: BNXA) (OTCQX: BNXAF) (FSE: AC00) ("Banxa'' or the "Company") is pleased to announce an update on its product, partnerships and audited FY24 results.

PARTNERSHIP UPDATE

Banxa continues to expand its partner roster - more than 300+ active partners - highlighting a select few below:

• CoinW: A top-10 centralized exchange with nearly 9 million unique visitors per month
• SimpleSwap: A near-instant DEX that offers a variety of tokens and has a global footprint with over 500 thousand unique visitors per month
• Tradeway: A large Forex platform

The addition of new partners deepens Banxa's market share in the wallet and exchange segment.

PRODUCT UPDATE
Banxa continues to drive product innovation aimed at enhancing system performance, boosting partner insights, and improving user experience. These updates are designed to help partners streamline their operations and optimize performance for growth, leading to deepening of the partnerships.

Partner Analytics Dashboard

A new tool that gives partners a deeper understanding of customer engagement and business performance, such as Average Order Value and Total Transaction Value, monitor 30-day trends, and understand customer behaviors to drive data-driven growth strategies.

Dashboard Enhancements

We've launched powerful upgrades to the Banxa Partner Dashboard, such as multiple API key management, restricted orders visibility, customer KYC status visibility, and extended order history and enhanced search, that give greater visibility and control back to our partners.

User Experience

With Google Sign-in integration coming soon, customers can onboard faster and with more ease. A beta version of a new KYC transparency feature is also available, enhancing the onboarding process with more control and clarity.

CONFERENCE CALL

Banxa aims to schedule a conference call towards the end of October to discuss the audited FY24 financial results. Investors should watch for a press release confirming the date.

ABOUT BANXA HOLDINGS INC.

Banxa is the leading infrastructure provider for enabling embedded crypto - empowering businesses to embed crypto seamlessly into their existing platforms and unlocking new opportunities in the rapidly evolving crypto economy. Through an extensive and growing network of global and local payment solutions and regulatory licenses, Banxa helps businesses provide seamless integration of crypto and fiat for global audiences with lower fees and higher conversion rates. Headquartered in the USA, Europe, and Asia-Pacific, the Banxa team is building for a world where global commerce is run on digital assets. For further information visit www.banxa.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

ON BEHALF OF THE BOARD OF DIRECTORS

Per: "Zafer Qureshi"

Zafer Qureshi = Executive Director and Co-CEO, [phone]

Forward-Looking Information

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions.

These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.

SOURCE Banxa Holdings Inc.

CONTACTS: Investors: Zafer Qureshi, [email protected]