Introducing the Crypto Frontier
In a monumental leap for investment platforms down under, SelfWealth Limited has secured its place in the record books as the first publicly-listed Australian online share trading platform to offer cryptocurrency investing. By partnering with BTC Markets, a local exchange, they’re opening the door for investors to dip their toes (or dive headfirst) into the world of digital assets.
A Sneak Peek into Cryptocurrency Offerings
According to BTC Markets’ CEO, Caroline Bowler, investors can look forward to trading five primary cryptocurrencies come Q2 2022, provided the regulations from AUSTRAC are in place. Speculations are rife, and while no definitive list has been disclosed, savvy investors are crossing their fingers for the big names like Bitcoin (BTC) and Ethereum (ETH) to star in this crypto lineup.
SelfWealth: A Crypto-Friendly Brokerage
SelfWealth, recognized as the fourth-largest online brokerage in Australia, first hinted at its aspiration towards crypto in July of the previous year. A report revealed that a whopping 30% of their user base was already trading cryptocurrencies, while an additional 38% were eager to jump on the crypto train—just as soon as the rails were clear!
Weathering the Crypto Storm
When quizzed about the so-called “crypto winter,” Bowler radiated calm and collected confidence, stating that long-term investors understand the inherent volatility of cryptocurrency and that fleeting market conditions shouldn’t dissuade interest. Drawing from her own experiences, she remarked, “I’ve been through a crypto winter before,
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