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Australian Online broker SelfWealth Making Crypto Trading Offering Available

By Natalie Wu | July 13, 2021

SelfWealth – a share trading platform currently having a listing on the Australian Securities Exchange – is reportedly planning to make crypto trading offers available, as included in its 2021 roadmap’ scope. 

Specifically, on July 12th, SelfWealth reportedly issued official disclosure regarding its collaboration with an “established and secure cryptocurrency exchange”, to make crypto trading offerings accessible platform-wide. 

“This is off the back of research we’ve done, including answers from many of you. You want to access crypto, but you want it done in a safe and secure manner. You will be able to trade cryptocurrencies that have been vetted by us first,” SelfWealth reportedly announced. 

SelfWealth’s initiative to establish its presence across the crypto investment sphere reportedly surfaced during the firm’s attempts to transition from a pure share trading platform to a “wealth creation platform”. 

As revealed via an Australian Financial Review report, SelfWealth reportedly has a goal to offer facilitating features for a maximum of 10 major virtual coins, including Bitcoin (BTC) and Ether (ETH) by the end of 2021. 

“Australians have decided that cryptocurrency is here to stay and are looking for trusted platforms to facilitate their investment decisions,” SelfWealth chief executive Cath Whitaker reportedly remarked regarding the development. 

The update reportedly surfaced not long after SelfWealth conducted a survey on 3,500 customers, which showed that 30% of participants carried out some investments in crypto. Another 38% indicated that they are having intentions of investing in the space.

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