Prague-based crypto exchange Simplecoin has completed six years of incorporation as a leading European digital currency exchange.
Simplecoin was founded in 2013 for making bitcoin purchase easier for newcomers. Today, it is the biggest crypto exchange in the Czech Republic with an annual turnover of 40 million Euros.
Since inception, Simplecoin has clocked average annual growth of 250% and has expanded across Europe to serve clients in Slovakia, Germany, Poland, Spain and the UK.
“Crypto markets have been through wild speculation over the years and which currencies survive and what their price will be is still an open question, because we’re still in the early day,” Simplecoin CEO Pavel Niedoba said.
Besides, Simplecoin has added new currencies to its portfolio, which now includes Bitcoin (BTC), Litecoin (LTC), Bitcoin Cash (BCH), Ethereum (ETH) and Ripple (XRP) as further trading options.