BANXA (TSX-V: "BNXA") Reports Record Growth of $55m Total Transaction Value (TTV) For January 2021

TORONTO and MELBOURNE, Australia, Feb. 2, 2021 /CNW/ - BANXA (TSXV: BNXA) ("BANXA" or "Company") a Payment Service Provider (PSP) for the digital asset industry announced record Total Transaction Value (TTV) growth for January 2021 of CAD $53.7m (AUD$55m) . This result is up over 1000% from January 2020 PCP. [Management Prepared].

Banxa provides its clients safe, compliant access to the digital assets market, Banxa partners include major exchanges and wallets including Binance, OKEx, Huobi,  Edge and Kucoin.

The company also reports that financials for the period ending December 31, 2020 will be announced March 1, 2021.

ON BEHALF OF THE BOARD OF DIRECTORS
Per:    "DOMENIC CAROSA"
            Domenic Carosa
            Chairman (+1-888-218-6863)

About BANXA

BANXA (TSX-V:BNXA - Banxa Holdings Inc.) is a Payment Service Provider (PSP) with a mission to build the bridge between traditional financial systems, regulation and the digital asset space. Our goal is to onboard the general public to digital currency by building a fully compliant payment infrastructure that enables simple and secure conversion of fiat currency to digital currency. (USD/CAD to BTC/ETH) Banxa has offices in Australia and the Netherlands. For further information go to www.banxa.com

This news release may contain "forward-looking statements" within the meaning of applicable Canadian securities laws.  Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies. These statements generally can be identified by the use of forward-looking words such as "may", "should", "will", "could", "intend", "estimate", "plan", "anticipate", "expect", "believe" or "continue", or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. BANXA's statements expressed or implied by these forward-looking statements are subject to a number of risks, uncertainties, and conditions, many of which are outside of BANXA's control, and undue reliance should not be placed on such statements. Forward-looking statements are qualified in their entirety by the inherent risks and uncertainties of the Company's business, including: BANXA's assumptions in making forward-looking statements may prove to be incorrect; adverse market conditions, including risks related to COVID-19 and risks that future results may vary from historical results. Except as required by securities law, BANXA does not assume any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise.

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

For Further Information, see www.banxa.com

SOURCE Banxa Holding Inc

For further information: Investor Relations: North America: +1 (604) 609 6169, International: +61 451 744 080, Email: Investor@banxa.com; Media Contacts: Liam Bussell, Head of Corporate Communications, Email: Liam@banxa.com
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