Tag Archives: Australian

MARKETS NEWS

On the Australian exchange, BetaShares crypto company fund breaks records in 15 minutes

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BetaShares crypto fund management company’s Australian exchange-traded fund (ETF) broke Australian Securities Exchange (ASX) records in the first 15 minutes.

Investors on the exchange broke the current ETF record of A$8 million within minutes, raising a total of about A$42.5 million by the end of its opening day. It signaled a massive pent-up demand for crypto exposure on the Australian Stock Exchange (ASX).

The Australian Securities and Investment Commission has given the green light for the launch of Bitcoin and Ether ETFs, provided a long list of guidelines is followed.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.

MARKETS NEWS

Australian bank Commonwealth Bank will allow customers to hold and use cryptocurrency

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Commonwealth Bank of Australia will be the first major bank to allow its customers to buy, sell and hold products in cryptocurrencies.

Commonwealth Bank released a statement Wednesday, saying it has partnered with cryptocurrency exchange regulator Gemini to design a service for the CommBank app. It will allow its clients to access crypto assets, including Bitcoin, Bitcoin Cash, Ethereum and Litecoin.

Implementation will begin in the coming weeks. Matt Comyn, CEO of Commonwealth Bank, said: “The emerging and growing demand for digital currencies from customers creates both challenges and opportunities for the financial services industry, where a significant number of new players and business models are innovating in this space. To meet a growing customer need and We believe we can play an important role in crypto to provide capability, security and trust in a crypto trading platform.” said

Dave Abner, Head of Global Business Development at Gemini, said the partnership will “set a new standard for banks and financial platforms in Australia”.

Commonwealth Bank has announced it will become the first major Australian bank to allow customers to buy, sell and hold cryptocurrency. Credit: MORGAN SETTE/AAPIMAGE

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.