Number of cryptocurrency transactions grows by 300%

Published: 09.08.2021 Related countries:  Czech Republic Czech Republic

Cryptocurrencies' lasting boom in the Czech Republic

Bank Česká spořitelna (ČS) identifies a significant growth of interest among clients in buying cryptocurrencies. In January and February 2021, the number of cryptocurrency transactions increased by 300% y/y and their volume increased by 250%. During the period in question, clients made about 20,000 cryptocurrency transactions worth approximately CZK 150m. The bank does not allow clients who trade in cryptocurrencies to open accounts with ČS. However, individual or corporate customers who pay for cryptocurrency purchases from their accounts with ČS are not blocked or restricted in any way by special fees.

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Source: Czech Press Agency