Czech cryptocurrency exchange Anycoin almost tripled its turnover from around CZK 2 billion to CZK 5.9 billion last year. Of that, 3.6 billion were purchases and 2.3 billion were sales of cryptocurrencies. More than half of the turnover was bitcoin. Marek Kyrsch, Anycoin’s CEO, said this at a meeting with journalists.
Anycoin has seen growth
The cryptocurrency exchange deals with the sale and purchase of cryptocurrencies for conventional money, such as crowns, according to customer requirements. Anycoin currently facilitates the buying and selling of about 200 cryptocurrencies. Next to bitcoin, ethereum and tether have the largest share, while solana, cardano or ripple have smaller shares.
According to Kyrsch, at the end of last year people traded roughly twice as often as in the previous period, and order sizes also roughly doubled. The average order size last year was CZK 10,000. Approximately 70 percent of customers are men.
Anycoin estimates the Czech cryptocurrency market at CZK 10 billion
According to Anycoin, the results show that the size of the cryptocurrency market in the Czech Republic is larger than previously reported. While rival trader Bit.plus’s estimates for last year put the market volume at CZK 4.2 billion, Kyrsch estimated the size at around CZK 10 billion after factoring in his own figures, which he has not yet published. Bit.plus said it did not include unsecured transactions and cryptocurrencies stored with third parties in its statistics.
“This year we want to focus on partner collaborations,” Kyrsch said. The market will be affected by the arrival of the new administration in the US led by President Donald Trump as well as European regulation of cryptocurrencies MiCA and DORA. This year should be about as successful as last year for Anycoin, he said, but the next two years will be rather weaker. Anycoin was founded in 2018 and gained its first customer in January 2019. It currently has over 100,000 users. The majority are retail investors. So far, it has traded cryptocurrencies worth CZK 12.9 billion
