Australian cryptocurrency exchange Cointree enters the SMSF space with new partnership
Cointree, one of Australia’s leading cryptocurrency exchanges, has identified a growing interest from customers wanting the ability to purchase cryptocurrency with their superannuation. Due to this increased demand, Cointree is partnering up with New Brighton Capital, who offer accredited SMSF accounting services and focus on helping Australians own crypto in their super. “I am very excited about this partnership, this is the first step of the education process for our members, shedding some light around the opportunities of having an SMSF and investing into cryptocurrency,” says Shane Stevenson, CEO of Cointree. “We want to provide platform and channel where partners like NBC can educate our members on the different cryptocurrency […]
One of the world’s largest crypto-exchanges Huobi Global is coming to Australia
Huobi Global, one of the world’s biggest crypto-exchanges, is preparing to launch in Australia, and Adrian Harrison, chief of the local operation, says the forward-thinking regulatory landscape here puts the country at the forefront of the crypto-movement. Domiciled in Singapore, Huobi provides exchange trading for cryptocurrencies, with 150 coin pairings available. According to Harrison, the exchange is “consistently in the top three in the world, in terms of volumes”. In February, Huobi raised $US300 million ($406.7 million) through the launch of its own Huobi Token, which allows exchange users to benefit from discounts in fees. It launches in Australia on July 5, and will start by listing Australian dollars against […]
CoinJar opens the trading floor with Australia’s fastest digital currency exchange
Australian cryptocurrency company CoinJar, has launched its new high-speed digital currency trading platform, CoinJar Exchange. The exchange is the fastest in Australia, and will allow cryptocurrency traders to trade Bitcoin and Australian Dollars against popular cryptocurrencies Ethereum, Litecoin and Ripple. CoinJar Exchange boasts a superior trading engine which processes and fills orders faster than any of its competitors in Australia. This reduces latency and provides sophisticated and retail traders with a faster experience when trading using the CoinJar Exchange. Integration with buy and sell orders from other exchanges will provide greater market liquidity, allowing CoinJar traders to enter and exit with ease. The exchange also has an open trading application […]
$817M Later: LexisNexis partners with first institutional cryptocurrency exchange
Risk management giant LexisNexis Risk Solutions is now working with the first cryptocurrency exchange to use technology acquired in an $817 million deal earlier this year. The partnership to verify the identities of Melbourne-based Blockbid’s customers also marks the first time LexisNexis has combined its existing database of high-risk individuals with 1.4 billion unique identities brought to the company from ThreatMetrix, which was acquired in a cash deal announced in February. While Blockbid plans to use the two pools of identity data to gather information about its customers during the onboarding process, LexisNexis senior vice president Thomas Brown positions the newly combined products as part of a larger push within the […]
NSW supports fintech startups with exchange opportunity
The NSW government is offering ten NSW financial technology (fintech) startups the chance to go on an intensive one week business development program in India from 24–29 June 2018. NSW Minister for Trade and Industry Niall Blair said the program was the first to be supported by a two-year $1.58 million partnership set up between NSW and India to enhance the State’s startup, technology and advanced manufacturing sectors. “This fantastic partnership was announced during the Premier’s recent trade mission to India and I’m delighted that we’ve made quick progress to get the first partnership program underway. “This is an outstanding opportunity for NSW entrepreneurs who are developing their ideas, who […]
AUSTRAC registers two more cryptocurrency exchanges
Two more Australian cryptocurrency exchanges have been registered by AUSTRAC under rules that came into effect earlier this month. NCX and ACX.io join Independent Reserve and CoinSpot in complying with the same anti money laundering and counter-terrorism financing (AML-CTF) rules that apply to other finance sector participants such as banks. Perth-based National Currency eXchange (NCX) said in a statement that it “confirms its compliance program will keep it in alignment with its AML-CTF obligations”. “The completion of this registration allows NCX to continue to provide trading services in popular cryptocurrencies, such as Bitcoin, Ethereum, Litecoin and Bitcoin Cash, with further cryptocurrencies and upcoming ICOs to be added to the exchange […]
Competition and profits see cryptocurrency exchanges get creative
How do you disrupt the disruptors? New exchanges are digging deep for a competitive edge. The ability to seamlessly cross borders is one of the consistent features of all cryptocurrencies, and the top exchanges tend to service customers from almost every country in the world. The biggest names each pick up a significant percentage of what might be a multi-trillion dollar market in coming years, and is already well into the multi-billions. Consider Coinbase for some perspective. It’s perhaps the USA’s biggest name in crypto, but its GDAX exchange is only the tenth largest by volume. Note that the trade volume figures should be taken with a grain of salt, […]
OpenMarkets adopts Bloomberg EMSX for Global Equity Liquidity and Execution Services
OpenMarkets has taken a crucial step to open up its platform to overseas investors after integrating with Bloomberg’s global multi-asset trading platform.
