Australian Broker SelfWealth to Add Support for Cryptocurrencies
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SelfWealth, an Australian-owned and operated online broker, will add the ability to buy and sell cryptocurrencies to the platform. The company said in a press release, it will be the first in Australia to provide the ability to trade stocks and cryptocurrencies in one place.

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Currently, SelfWealth is in talks with cryptocurrency exchanges to implement this initiative. The company serves 95,000+ clients, the total value of securities held at SelfWealth is approximately US$4.4 billion.

The broker plans to list 10 cryptocurrencies by the end of the year, including bitcoin (EXANTE: Bitcoin) and ether (ETH). The cryptocurrencies will be stored in the partner's wallet integrated with the platform. The amount of fees for transactions has not yet been disclosed.

World's Largest Interdealer Broker to Launch Crypto Platform for Institutions

Meanwhile, the Australian Securities and Investments Commission (ASIC) will consulate the cryptocurrency market participants on crypto-focused based exchange traded products (ETPs). The watchdog reportedly wants to establish good practice in respect of pricing, custody, risk management, and disclosure of cryptocurrencies.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

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