SelfWealth brokerage company, listed on the Australian Stock Exchange (ASX), plans to launch ten cryptocurrencies this year, including Bitcoin and Ether.
Today, the online broker SelfWealth serves more than 95,000 investors, and securities with a total value of about $ 4.4 billion “circulate” on the platform. The SelfWealth management stated that the company now works exclusively with shares, but it is ready to expand the list of services by “diluting” it digital assets.
The broker is already negotiating with cryptocurrency exchanges to add functionality to buy and sell cryptoassets. By the end of the year, SelfWealth plans to add support for ten major cryptocurrencies, including BTC and ETH. SelfWealth CEO Catherine Whitaker said:
“Many investors want secure access to the cryptocurrency market, which is why Australians are looking for reliable platforms for investing in digital assets. We will give them that opportunity. Our clients will be able to trade cryptoassets that have been verified by us. ”
SelfWealth management decided to add cryptocurrency trading after conducting a survey of its 3,500 clients. It turned out that 30% of survey participants have already invested in cryptocurrencies, and 38% are ready to invest in them. This speaks to the growing demand for cryptocurrencies among Australians.
Lately, regulators have been increasing pressure on the cryptocurrency industry. Despite this, Australia is becoming a crypto-friendly jurisdiction.
Recently, the Australian Securities and Investment Commission (ASIC) announced the need to conduct research on how exchange-traded funds (ETFs) and exchange-traded products (ETPs) linked to cryptocurrencies can operate in the market in accordance with regulatory requirements. The researchers concluded that these products should not be banned, but they need to be closely monitored.
In addition, the Australian Stock Exchange announced in May that it is considering several applications to launch crypto ETFs. ASX may place ETFs in cryptocurrency this year.

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