● 600% increase in the number of companies in Romania investing in cryptocurrencies in 2021;● €200 million in total assets traded on the platform – a record high in 2021;● Cryptocurrencies and the blockchain system are considered “financial innovations” that offer a valid alternative to the traditional banking system
Bucharest, January 18, 2022: Tradesilvania, a Romanian cryptocurrency investment and digital asset management company, announces a record figure of €200 million total assets traded on the platform for 2021.
Record growth of 600% was also seen on the number of business clients, which invested in cryptocurrencies and digital assets, and the trend continues into 2022.
The platform offers access to 44 cryptocurrencies, 101 crypto parities, a secure e-wallet, and a mobile app accessible anytime and anywhere, responding to the growing interest of Romanians in the cryptocurrency area.
“2021 was a year of significant development for us, both at the product level, by doubling the number of coins made available to customers, implementing the savings service, the automated trading service, etc. and at the team level, we managed to develop perhaps the most efficient and complete compliance framework, being currently in direct dialogue with the authorities for further regulation and development of specific legislation in Romania. The evolution of our corporate clients, including several companies listed on the Romanian Stock Exchange, was not a surprise for us. The surprise came from the growth rate, especially since it is an organic result. The 600% growth indicates that Romania is increasingly prepared to invest in dynamic digital assets, including crypto.” said Ciprian Dobrescu, CEO Tradesilvania.
The interest of Romanians can also be seen by the fact that EGLD (the first Romanian cryptocurrency, launched by ELROND) has a 1:1 value with the capitalization of the shares of Banca Transilvania (biggest Romanian Bank, TLV index on the Bucharest Stock Exchange), positioning at peak at 2:1.
With a free top-up solution for VISA and MasterCard debit and credit cards, and a payment by bank transfer solution in RON or EUR, Tradesilvania is one of the few digital currency exchanges offering access to the blockchain system and cryptocurrency purchase directly to the buyer, with 0% commission, no other hidden fees and customer support available in Romanian and English.
Tradesilvania is the only exchange in Romania and among the few in Europe to be certified ISO 27001 – information security and ISO 9001 – organization management.
“Behind the Tradesilvania platform are the 7 years of continuous technical development by applying the latest technologies and more than 5 years of continuous integration with partners from banking, institutional, technical infrastructure partners which allows us to successfully represent Romania on the crypto map of Europe, as we are also serving clients from the European Economic Area.” said Razvan Moldovan, Deputy CEO Tradesilvania.
Another advantage is the OTC (over the counter) section for institutions and large transactions (€100,000-5,000,000) with a 0.1% commission.
Tradesilvania is a digital platform specialized in cryptocurrency investment and trading, based in Cluj-Napoca. The platform offers access to 44 cryptocurrencies, 101 crypto parities, a secure e-wallet, and a mobile app that gives the user access to its portfolio from anywhere at anytime.
In addition to the exchange and trading platform, Tradesilvania offers asset management and digital asset custody services. In 2021, the team implemented the “Savings” service with 11 cryptocurrencies, which allows users, individuals, and legal entities from the European Economic Area (EEA), to earn up to 13% annually on coins stored on the Tradesilvania platform.