Slovakia
2.57% of Slovaks own cryptocurrency
How many cryptocurrency owners are in Slovakia?
It is estimated that over 140 thousand people, 2.57% of Slovakia’s total population, currently own cryptocurrency.
What is the nature of Cryptocurrencies like in Slovakia?
Bitcoin ATMs are rising in Slovakia, with many people there confident in the future of cryptocurrency. BTMs have as bright a future as Bitcoin itself. If you’re considering operating a BTM, you need to assess potential demand in your area. If you want to help start a Bitcoin economy, you should make sure you can operate the BTM without profit for an extended period of time, i.e., minimize your fixed costs. As of now, I don’t have any plans to expand to other cities in Slovakia, but will gladly support any initiative like that’, said one operator.
Cryptocurrencies' rising popularity in Slovakia
- Cointelegraph: As Private Seed Funds Dry Up, European Blockchain Firms Seek Public… – July 2020
A Slovak blockchain startup serves as the chief example of pandemic venture capital developments in central and eastern Europe (CEE), according to a new Reuters report from July 31. In the former Eastern bloc — where venture funding reached nearly $1.6 billion in 2019 — uncertainty during the COVID-19 crisis has hit the start-up sector hard, particularly for early-stage deals. Alftins, a Slovak startup developing an online platform for trading digital assets, has recently secured funding from the publicly funded venture firm Crowdberry. The latter had earlier missed out on a version of the deal in the fall of last year, but was reportedly able to secure better terms this time round. - Finextra: Slovak cryptocurrencies platform raises €1m – July 2020
AltFINS, a Slovakia-based trading platform for digital assets, has announced the completion of a funding round that raised over €1m. The financing was led by local asset manager CB Investment Management and underscores the growing appeal of cryptocurrency trading infrastructure among institutional investors in Europe.