Already 1,691 people have seen this company's branding and they are being followed by 2 Storybook user.In average the company has been rated 3.0 points but has not been commented.

's activity report 2022

Coinmetro OÜ (14448371) is a company registered in Estonia, operating under the national virtual asset service provider license, with its main activity being the operation of the cryptocurrency exchange platform “Coinmetro”.

Coinmetro OÜ rents the platform as a special service from its parent company Coinmetro Group OÜ (14432111), being the sole user of intellectual property.

Generally, the year was more complicated for the world economy and especially for the crypto industry. Unexpected political instability in Europe, along with rising interest rates and a decrease in household savings, led to a demand for crypto lower than the company's management expected.

Some major players declared bankruptcy during the year, causing serious concern about the financial stability of the industry and resulting in more active regulatory involvement by governments.

The main developments during the year were aimed at improving the user experience and adding new assets to the platform. As such, the company presented a brand new version of the mobile application with an improved design and a more user-friendly experience. The desktop version of the platform also received a significant update for Spot and Margin exchanges. Finally, the long-awaited feature for depositing with USD bank cards was launched. During the year, 20 new assets were listed, 8 of which are offered in staking programs, in addition, a new passive earning feature was introduced: Multi-Asset

Rewards (MAR), which offers rewards for its customers for another 7 assets. The company collaborated with a major liquidity provider, aiming to enrich its trading liquidity.

The management continued to expand the company's reach through media sources: Nordic Fintech Magazine has published an interview with Coinmetro CEO,

Coindesk published numerous articles and Coinmetro was presented at the 4th Nordic Blockchain Conference in Copenhagen.

The company enjoyed higher adoption of its services among a wider audience in 2022, namely the customer base has grown by 34% in terms of female users, more deposits were made in fiat currency (2022: 40%, 2021: 26%), while less in crypto (2022: 60%, 2021: 74%).

In summary, the total number of deposits grew by 21%. Staking was the fastest growing and most coveted product of 2022, with the number of staking plans growing by 56% compared to the previous year (2022: 30 610, 2021: 13 439).

The economic activity of Coinmetro OÜ is characterized by the following ratio table: 2022 2021

Growth(%) -41.69 2348.96

Profit growth (%) -87.99 17310.53

Short-term liabilities coverage ratio (times) 60.64 49.65

ROA (%) 10.03 93.72

ROE (%) 10.35 97.02 Growth (%) = (sales revenue 2022 - sales revenue 2021)/ sales revenue 2021 * 100

Profit growth (%) = (net profit 2022 - net profit 2021)/ net profit 2021 * 100

Short-term liabilities coverage ratio (times) = current assets/ short-term liabilities

ROA (%) = net profit/ total assets * 100

ROE (%) = net profit/ equity * 100