Alex Alexandrov was born in Ukraine and moved to Canada at a young where he started a bitcoin mining venture around 2012. Back then, the Bitcoin (BTC) price was around $4. He later discovered crypto payment processor CoinPayments, which had several dozen merchants on its platform. Alex and his then partner Jason Butcher bought CoinPayments in 2013. Since then, CoinPayments saw explosive growth with a transaction volume of more than $2 billion a month, 115,000 merchants, and three million users.
CoinPayments is a pioneering crypto payments processor founded in 2013 by Alex Alexandrov and Jason Butcher in Caymen Islands. The operators used to be CoinPayments Inc. in Caymen Islands and the Estonian HODLtech OÜ. CoinPayments informed that effective 15 June 2022 it is providing its crypto payment services jointly with Venture Star UAB in Lithuania, replacing Estonian HODLtech OÜ of its former CEO Jason Butcher. HODLtech OÜ lost its license a few days ago! Venture Star would be authorized to provide virtual currency deposit wallet and exchange services.