Highlights:

• February 2022 Total Transaction Volume (TTV) of AUD $106 million (USD $76 million) up 48% Year-on-Year
• Five new partners signed in February, including TokenPocket, ApolloX, IDEX, Sologenic and IX Swap
• Added two new fiat currencies in February, now supporting a total of 32
• Secured Netherlands cryptocurreny custody registration from the Dutch National Bank (DnB)

BANXA Holdings Inc. (TSXV:BNXA) (OTCQX:BNXAF) (FSE:AC00) ("Banxa" or "The Company"), the world's first listed payment service provider (PSP) and RegTech platform for the digital assets industry, has today announced its February 2022 TTV, recording AUD $106 million (USD $76 million), and growth of 48% Year-on-Year. The TTV is broadly in line with the decline in volumes of the overall cryptocurrency market.

In February, Banxa processed over 127,000 transactions and added five new partners, including TokenPocket and ApolloX. Banxa also added two new fiat currencies to now support a total of 32 fiat currencies enabling seamless access to digital currencies through multiple payment methods.

Banxa also secured a cryptocurrency custody registration from the Dutch National Bank (DnB) which allows Banxa to hold custody of Bitcoin, Ethereum and other cryptocurrencies on behalf of its customers. This registration adds further to Banxa's focus on acquiring digital currency exchange and custody licences around the world.

Banxa CEO Holger Arians said, "The crypto ecosystem is ever-changing, and Banxa is ideally positioned to continue its accelerated growth in the market. We are delighted to welcome our new partners, providing support for more coins and fiat currencies every month."

ON BEHALF OF THE BOARD OF DIRECTORS
Per: "DOMENIC CAROSA" https://twitter.com/dcarosa
Domenic Carosa
Chairman (1-888-218-6863)

BANXA Holdings Inc. (TSX-V: BNXA) (OTCQX: BNXAF) (FSE: AC00)

Banxa powers the world's largest digital asset platforms by providing payments infrastructure and regulatory compliance across global markets. Banxa's mission and vision are to build the bridge that provides people in every part of the world access to a fairer and more equitable financial system. Banxa is headquartered in Melbourne, Australia, with European headquarters in Amsterdam, the Netherlands.

For further information go to www.banxa.com.

This news release may contain "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies.

These statements generally can be identified by the use of forward-looking words such as "may", "should", "will", "could", "intend", "estimate", "plan", "anticipate", "expect", "believe" or "continue", or the negative thereof or similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance.

Banxa's statements expressed or implied by these forward-looking statements are subject to a number of risks, uncertainties, and conditions, many of which are outside of Banxa's control, and undue reliance should not be placed on such statements. Forward-looking statements are qualified in their entirety by the inherent risks and uncertainties of the Company's business, including: Banxa's assumptions in making forward-looking statements may prove to be incorrect; adverse market conditions, including risks related to COVID-19 and risks that future results may vary from historical results.

Except as required by securities law, Banxa does not assume any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For Further Information, see www.banxa.com.

CONTACTS:

Investor Relations:
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Brian M. Prenoveau, CFA
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