Australians will be able to trade cryptocurrencies as well as US, Australian and soon Singaporean securities in one place.
Existing customers will not have to open a new account and will only see minor interface changes.
To provide this service, SelfWealth has signed a deal with BTC markets, one of the most prestigious cryptocurrency exchanges in Australia.
Carlon Powers, CEO of BTC Markets, stated that clients will be able to trade five digital assets from the second quarter of 2022, of course, after obtaining approval from the Australian Financial Supervisory Agency “AUSTRAC”.
Facilitate investing in cryptocurrency:
Cath Whitaker, CEO of SelfWealth said:
The company aims to make investing in cryptocurrency as seamless as possible.
Currently, navigating popular investment types usually requires access to multiple trading platforms and for investors to move funds multiple times.
Ease of use and lower fees may attract more investors to the cryptocurrency space.
This is the time to go.
Bitcoin is speculative in nature, but dips present opportunities, and they are recovering their fair value.
Powers endorsed Whitaker’s comments and told that everyone who’s been involved in cryptocurrencies in the past five years is aware of their cyclical nature.
SelfWealth will also provide educational tools for investors who are just entering the industry.
Whitaker emphasized that the company is very frank about risk disclosure, telling in this regard:
Investing in cryptocurrencies comes with ups and downs, so by following this trend, many may rush and lose their investment.
Powers concluded his speech by saying:
It is only risky if it lacks transparency.
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