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March 2024 Was a Record Month for Us, and Q1 2024 Was the Best Quarter in Company History!

We’re excited to announce that March was another record month in revenue and volume and that Q1 2024 was the best month in company history!

Read on to learn what happened in Q1 2024, why we grew so rapidly, what prizes and awards we won, and where Relai is going next.

Zurich, 05th April 2024

Bitcoin’s performance since the start of the year has been astonishing. The launch of the spot Bitcoin ETFs and massive capital inflow by Wall Street mainly drove this. With this crucial event, Bitcoin managed to convince the most skeptical experts, and so far, they seem to love Bitcoin and started stacking Sats in gigantic amounts.  

At Relai, we’ve also seen the results of this event. Our order volume for this quarter was 1,577 BTC with 30,000 users who buy Bitcoin monthly

Since Relai launched, over 120,000 users have bought Bitcoin with us, and we have over 350,000 app downloads, adding 20,000 new app downloads every month

An astonishing 98% of our Relaiers are buying and HODLing their Bitcoin. This demonstrates a strong Bitcoin conviction, which we love to see. 
So far, Relai is on track for a trading volume of over CHF 0.5 Billion in 2024, and we’re excited to see where the future is heading!

Bitcoin reached a new all-time high in March, showcasing that we’re just at the brink of the bull market. This is when Bitcoin rewards the investors who’ve been HODLing and buying through the bear market. 

In March, we launched the Lightning Network in the Relai app. With it, users can buy goods or pay for services and experience the speed of Lightning firsthand.

To celebrate this, we launched on Product Hunt, one of the most visited websites on the Internet, and ended up winning the Product of the Day, Week, and even Month prizes in the Fintech and Web3 categories. Don’t judge; there is no Bitcoin-only category yet, but we’re working to make this a reality. 

Relai is used to strong growth, but this successful start to 2024 has surprised even us! Our users have invested over CHF 100 Million in Bitcoin in the first quarter of the year alone, which shows how scalable and future-proof our product is, and it makes us immensely proud!

2024 has been off to an amazing start, and we’re very much looking forward to the next couple of weeks and months, with exciting new features and updates in the pipeline. One of our main focuses now is expanding into Europe and offering Bitcoin to even more people! 

But we wouldn’t be here without you, Relaier! All of this success wouldn’t have been possible without your continued support, and we know our community is cheering us on every step of the way. If you want us to grow even faster, here are some ways how you can help us out:

Download the Relai app from the Google Play Store or Apple App Store today to buy Bitcoin.

Information about the author

Julian Liniger

Julian Liniger

Julian Liniger is the CEO and co-founder of the Swiss bitcoin-only platform Relai and one of Forbes’ 30 Under 30 for 2022.

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