BitBay European Crypto Exchange Records Booming Trading Results

The BitBay European crypto exchange stated that the Bitcoin trading volumes on the platform hit record levels over the past 15 days and that the business was going even better back in March as we are reading further in the crypto news.

The volume of the platform of the BTC/PLN pair reached a peak of 11,233 in 24 hours on March 13, marking the highest level for the BitBay European crypto exchange. The Bitcoin to euro volumes also reached a record level of BTC 223 on March 18. The platform also pointed out that there was a breaking performance made possible by the rapid shift to remote working solutions because the coronavirus pandemic crisis continues to disrupt normal business practices across the world. The CEO of the exchange Sylwester Suszek commented:

 “We have observed a significantly higher number of user registrations in recent days.’’

BitBay’s 24-hour volume reached $40 million according to the online data. The exchange was initially established in Poland, establishing a market as well before expanding to the wider Eastern European and Central European Area. BitBay eventually moved its headquarters to Malta in 2018. Suszek explained that BitBay was able to gain a lot of interest from the traders owing to the organizational elasticity and said that he had to make a fast switch to remote work in a bid to protect the staff’s health and well being:

 “Since the first coronavirus infections began, we foresaw the possibility that quarantine measures could be introduced.”

As the news of the COVID-19 pandemic broke, BitBay said it has shifted the team into remove work more by introducing multiple improvements in the internal processes and even carried out training for the employees to reach operational elasticity. BitBay even donated money to the Provincial Specialist Hospital Mergrez in Tychy, Poland, which specializes in treating infectious diseases. The hospital will use the money to buy sanitary supplies and more medical equipment. The CEO of the platform said:

 “The money from this initiative will be used to buy medical equipment that is necessary to treat those who are infected with the coronavirus, and also to buy sanitary supplies for doctors and medical personnel.’’