Czechs are diving deep into the cryptocurrency market, with billions worth of trades flowing through crypto exchanges monthly. While mobile apps like Revolut make trading accessible to everyday users, traditional banks remain cautious about embracing bitcoin transactions.
The landscape of crypto regulation has shifted significantly in 2025, with the Czech National Bank taking oversight of cryptocurrency transactions since February. This move aligns the Czech Republic with broader European Union initiatives and responds to growing public interest in digital currencies. At Anycoin exchange alone, May trading volume reached 467 million Czech crowns, with purchases slightly outpacing sales.
The banking sector’s approach remains divided. While ČSOB keeps its distance from crypto transactions, Česká spořitelna allows its clients to make cryptocurrency purchases. UniCredit Bank maintains a strict no-crypto policy. Banks must report deposits exceeding 15,000 euros to the Financial Analytical Office, though this primarily applies to non-client cash deposits.
Bitcoin’s journey in the Czech market tells a remarkable story of growth. Since its trading debut in 2014, the cryptocurrency’s value has multiplied 474 times. From its humble beginnings at 4,866 crowns during the launch of Coinmate, the first fully functional Czech exchange, Bitcoin now commands a price of around 2.3 million crowns.
Looking ahead, experts like Hudeček from 4fin anticipate continued growth. Bitcoin recently hit a new peak, surpassing $110,000, with daily trading volumes ranging between 30 to 50 billion dollars. The introduction of exchange-traded funds has opened doors to an even broader investor base.