{"id":5978,"date":"2021-07-12T12:15:57","date_gmt":"2021-07-12T11:15:57","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=5978"},"modified":"2021-07-12T12:16:05","modified_gmt":"2021-07-12T11:16:05","slug":"selfwealth-is-set-to-begin-crypto-trading","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/selfwealth-is-set-to-begin-crypto-trading\/","title":{"rendered":"SelfWealth is set to begin crypto trading"},"content":{"rendered":"\n
Australia's leading non-bank broker SelfWealth <\/a>has made known its intention to enter the cryptocurrency market known, the decision has allowed its investors to invest in crypto.<\/h5>\n\n\n\n
\"SelfWealth<\/figure>\n\n\n\n

The crypto market may be in a decline, but that hasn't stopped its growing demand in other areas. The retail market has begun to catch up after a boom in conventional institutional platforms offering crypto custody and trading services.<\/p>\n\n\n\n

In response to rising demand, one of Australia's top non-bank internet brokers\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> is preparing to offer crypto buying, selling, and trading to its retail consumers.<\/p>\n\n\n\n

With its latest product, SelfWealth, an online broker that sells low-cost ASX and US shares for retail traders, is ready to enter the crypto trading sector. The group's decision has allowed 95K SelfWealth investors to invest in cryptocurrencies.<\/p>\n\n\n\n

The online broker said the decision to introduce crypto trading was prompted by a recent survey of 3500 of its 95k investors, where 30% of the respondents said they have already invested in cryptocurrencies while 38% intended to do the same in near future. SelfWealth sees over $80 million in daily trading with $51.5 billion in AUM.<\/p><\/blockquote>\n\n\n\n

The third-party wallet integration<\/a> would allow the online broker to offer 10 crypto assets for trading.<\/p>\n\n\n\n

The crypto market has experienced a steady increase in institutional demand this year, but retail interest has dwindled due to the market's downturn. Retail interest is further bolstered by the SelfWealth group's latest crypto offering.<\/p>\n\n\n\n

The online broker group's chief executive officer, Cath Whitaker, stated that its crypto trading services would allow retail consumers to trade cryptocurrency in real-time.<\/p>\n\n\n\n

Australians have decided that cryptocurrency is here to stay and are looking for trusted platforms to facilitate their investment decisions. We are on track to deliver cryptocurrency exchange functionality by year-end,\u201d<\/p><\/blockquote>\n\n\n\n

In recent years, Australia has become increasingly pro-crypto, and it may possibly launch a Bitcoin ETF<\/a> before the United States. Only last week, the country's top regulators requested citizen feedback on crypto-related exchange-traded products.<\/p>\n\n\n\n

When it comes to market regulations, Australia may follow the lead of the US and European regulators, but when it comes to crypto legislation, it may forge its own route.<\/p>\n","protected":false},"excerpt":{"rendered":"

Australia’s leading non-bank broker SelfWealth has made known its intention to enter the cryptocurrency market known, the decision has allowed its investors to invest in crypto. The crypto market may be in a decline, but that hasn’t stopped its growing demand in other areas. The retail market has begun to catch up after a boom […]<\/p>\n","protected":false},"author":12,"featured_media":5979,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26],"tags":[1390,132,1389],"class_list":["post-5978","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies","tag-australia","tag-crypto","tag-selfwealth"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/07\/SelfWealth-is-set-to-begin-crypto-trading.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/5978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=5978"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/5978\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/5979"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=5978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=5978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=5978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}