Crypto payment processor CoinsPaid operates through legal entities in Estonia, Lithuania, and El Salvador. Through Dream Finance OÜ, it holds a crypto license in Estonia. The company is controlled by Austrian entrepreneur Alexander Horst Riedinger and led by Max Krupyshev as CEO. In a press release, CoinsPaid said it processed a transaction volume of around €3 billion in Q4 2022. This is an increase of more than 30% compared to Q4 2021. CoinsPaid claims that its payment gateway processes allegedly about 8% of global on-chain Bitcoin transactions.
The comparison between Q3 2022 and Q4 2022 shows an increase in total transaction amount by 21% and an increase in the volume of transactions by 11%, CoinsPaid explained in its press release.
“While 2022 was a true challenge for the market, CoinsPaid managed to properly adjust to the current market tendencies, continuously improving and implementing new product features, and ensuring the team’s growth, which now includes up to 200 members. To me, the talents our team holds, their competencies, and their desire to jointly achieve greater goals are the pillars of business growth and prosperity. And they will definitely help us reach a new level in the year ahead, together”
MAX KRUPYSHEV, COINSPAID CO-FOUNDER AND CEO