Impressive: Crypto Payment Processor CoinsPaid Reports €3 Billion Transaction Volume
CoinsPaid’s Operational Structure
CoinsPaid, a crypto payment processor, operates under legal entities based in Estonia, Lithuania, and El Salvador. The company operates via Dream Finance OÜ, holding a crypto license in Estonia. Austrian entrepreneur Alexander Horst Riedinger controls the company, with Max Krupyshev serving as CEO. In a recent press release, CoinsPaid disclosed that it processed a transaction volume of approximately €3 billion in Q4 2022, reflecting a more than 30% increase compared to Q4 2021.
Key Metrics for Q4 2022
Highlights from the Press Release:
- Global Reach:
- CoinsPaid claims its payment gateway processes around 8% of global on-chain Bitcoin transactions.
- Growth in Transaction Volume:
- Q4 2022 transaction volume: €3 billion.
- Year-over-Year (YoY) growth: Over 30% compared to Q4 2021.
- Quarterly Growth:
- Total transaction amount increased by 21% between Q3 and Q4 2022.
- Transaction volume grew by 11% during the same period.
Leadership Insights
Max Krupyshev, Co-Founder and CEO of CoinsPaid, stated:
“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.”
Key Data for CoinsPaid
| Attribute | Details |
| Trading Names | CoinsPaid, CryptoProcessing |
| Business Activities | Crypto exchange & OTC desk operator |
| High-risk crypto payment processor | |
| Domains | https://cryptoprocessing.com |
| https://coinspaid.com | |
| Social Media | LinkedIn, Facebook, Instagram, Twitter |
| Legal Entities | Dream Finance OÜ (Estonia), Dream Finance UAB (Lithuania), Dream Finance S.A. (El Salvador) |
| A.R. Merkeleon GmbH (Austria), Skylock Investments Ltd (Cyprus) | |
| Jurisdictions | Estonia, Austria, Cyprus, El Salvador |
| Authorization | FIU crypto license no FVT000166 |
| Related Individuals | Alexander Horst Riedinger (LinkedIn), Maksym Krupyshev (LinkedIn), Andrei Koposov (LinkedIn), Frédéric Georges Hubin |
Conclusion
CoinsPaid’s performance in Q4 2022 underscores its continued growth and adaptability in a challenging market. With significant increases in transaction volume and a strong presence in the global Bitcoin transaction ecosystem, the company demonstrates resilience and innovation. However, further transparency and validation of these claims would bolster credibility.
Share Information
If you have any information about CoinsPaid, its operators, or its partners, please share it via our whistleblower platform, Whistle42. Your contributions are vital to ensuring accountability in the crypto payment industry.
