Record growth of 600% was also seen in 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 Mastercard and Visa debit and credit card, and a payment solution via bank transfer 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 that you see today, are the 7 years of continuous technical development using the latest technologies and more than 5 years of continuous integration with partners like banks, institutions, tech and infrastructure companies, which allow us to successfully represent Romania on the crypto map of Europe, as we are servicing clients from the entire 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.