Pepperstone Expands into Crypto with Dedicated Exchange for Aussies

TLDR

• Pepperstone launched its dedicated crypto exchange today, initially available to users in Australia.
• The platform offers five cryptocurrencies, including Bitcoin, Ethereum, and Solana, along with two stablecoins, USDC and USDT.
• All cryptocurrency pairs are listed against the Australian dollar to cater to local traders.
• Pepperstone charges a flat fee of 0.1 percent for crypto trades, making it competitive in the Australian market.
• The exchange emphasizes deep liquidity, platform stability, and secure deposit and withdrawal processes.

Pepperstone has launched its dedicated crypto exchange in Australia, marking a major expansion into the cryptocurrency market. The exchange went live today, offering trading for multiple digital assets with a focus on liquidity, platform stability, and security. Users in Australia can now access a range of cryptocurrencies, with plans to expand in the future.

Pepperstone’s Crypto Exchange Offers Key Coins

Pepperstone’s new exchange lists five cryptocurrencies at launch. These include major assets like Bitcoin, Ethereum, and Solana, along with two stablecoins, USDC and USDT. All pairs are listed against the Australian dollar, making it easy for local traders to engage in the market.

The platform aims to provide deep liquidity and seamless execution. It is designed to support secure deposits and withdrawals while ensuring that the platform remains stable even during high traffic. Pepperstone has worked diligently on these areas to ensure a smooth experience for its Australian customers.

The exchange’s flat fee for crypto trading stands at 0.1%, which makes it competitive in the Australian market. As part of its growth strategy, the company plans to introduce more cryptocurrencies in the future.

Pepperstone has built its crypto infrastructure in-house to maintain control over execution quality, pricing, and system security. This approach allows the company to ensure that its exchange can provide reliable performance even during periods of high demand. Tamas Szabo, CEO of Pepperstone, emphasized the importance of maintaining deep liquidity and system stability.

Pepperstone’s existing CFD business, which processes over USD 6 billion in crypto CFD volume each month, provides a strong foundation for this new venture. The company’s ability to leverage this scale helps in supporting robust liquidity for its crypto exchange as well.

The infrastructure also includes a focus on security, with the company ensuring that customer funds and transactions are protected. By building the system internally, Pepperstone retains full oversight and control over its operations, which adds to the overall reliability of the platform.

Competitive Landscape in Crypto Offerings

Pepperstone is entering a competitive space where other CFD brokers are expanding into crypto. In the UK, IG Group has partnered with Uphold to offer spot crypto services. It also obtained a cryptoasset license from the FCA and acquired a regulated crypto exchange in Australia and Singapore.

CMC Markets is another competitor, aiming to expand its offerings with decentralized finance (DeFi) products. The company has also taken steps to grow its crypto presence internationally, including setting up an office in Bermuda.

Pepperstone’s entry into the crypto exchange market is poised to strengthen its position in the Australian market. With a focus on liquidity, security, and reliability, the platform aims to meet the demands of local traders while continuing to grow its crypto services.

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