Czechs traded crypto worth CZK 1bn in Q1

Published: 22.04.2022 Related countries:  South Africa South Africa Czechs traded crypto worth CZK 1bn in Q1

Investors in the Czech Republic traded CZK 1.1bn worth of cryptocurrencies in Q1 2022. This is roughly half as much as in the same period of 2021 during the so-called bitcoin rush. CEO Martin Stránský specified that the largest volume of trades continues to be bitcoin and ethereum. Although the volume of trades lagged behind last year, the interest has started to gradually increase, which is also related to the gradual increase in the bitcoin exchange rate to more than USD 47,000 at the end of March. Then came the decline to USD 40,000.