Melbourne-based share trading platform SelfWealth included crypto trading in its 2021 roadmap. Today, July 12, the company published a blog post, where it revealed looking for a partnership with an experienced and reliable crypto exchange to start crypto trading on its platform.
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SelfWealth announced the team has done research including users' answers. According to them, clients want to have access to cryptocurrencies. The platform says the option of crypto trading will be allowed and the team will study assets before adding them. They will choose cryptocurrencies based on their popularity, liquidity, and security.
SelfWealth’s move is a part of their strategy to switch from a pure share trading platform into a wealth creation one.
Australian news provider “Financial Review” reports that SelfWealth aims to support up to ten large cryptocurrencies, among them BTC and Ether by the end of 2021. SelfWealth recently held a survey. The results showed that among 3.500 participants, 30% already invested in crypto and 38% were planning to invest in digital assets.Australia is among crypto-friendly countries. Australian national corporate regulator ASIC is supportive of developing the local crypto sector. Currently, it is getting feedback on crypto-related exchange-traded products saying their demand in the country’s markets has been rising.