Australian largest broker Selfwealth to add crypto buying & trading to its platform
SelfWealth a known ASX-listed share-trading platform will add cryptocurrencies and trading to its platform. This nine-year-old company is known to be one of the largest non-banks that made the announcement in response to the user’s investment cryptocurrencies. On July 12, the announcement was made to cater to the two-thirds of its customer base including active traders to invest in digital assets or who shall be planning to.
About the Crypto trading platform that soon be made:
Cath Whitaker who is the SelfWealth’s CEO believes that “Cryptocurrencies are now part of the Australian market, and aims to have a trusted platform for users to engage with the market.” Further He also added, ““Australians have decided that cryptocurrency is here to stay and are looking for trusted platforms to facilitate their investment decisions,”
It is believed that the company could add up to nearly ten different cryptocurrencies by end of the year. The assets shall be stored with the help of third-party wallet integration. Currently the platform is in talks with different exchange’s for implanting the functionality of cryptocurrency trading.
So far, the platform shall be charging a flat fee for the crypto trading with the revenue part that shall be going to the exchange partner.
SelfWealth is a well-known broker in Australia that is known to be adding up to the most prominent cryptocurrencies. This company is one of the largest non-bank online brokers that have nearly 95000 investors.
Currently SelfWealth is now at the discussion stage with the bitcoin exchanges to add BTC trading capabilities to the platforms of more than 95,000 users. As per one of the surveys that broker has made, over two-thirds of its customer base shows interest in the cryptocurrencies from which some have already invested in them.
CBW - External Analyst