AUSTRALIA’S currency exchange website has launched a Bitcoin exchange for users to buy or sell crypto-currencies in the country.
The company, called CryptoBid, announced that users will be able to buy, sell, trade and exchange the crypto-currency by opening a new tab in the app.
The CryptoBidd platform was launched on Monday and was intended to be a way for Australians to buy cryptocurrency or convert it to fiat in Australia.
However, it quickly caught the attention of the Australian Securities and Investments Commission (ASIC), which has launched an investigation.ASIC commissioner Mark Bailey said the regulator had been “delighted” with the launch and hoped that the crypto currency could be used for “further trading of the ASIC’s registered securities”.
“This is another positive step forward in the evolution of our digital asset investment regime, with the introduction of crypto currencies,” he said in a statement.
“CryptoBid provides a platform to allow Australians to invest in cryptocurrencies through the ASI, which is currently not open to the public.”
CryptoCurrency trading was also added to the platform on Tuesday, but this was not available to buy the crypto currencies.
CryptoFare, which currently only allows Australian investors to trade crypto currencies, is not yet available on the CryptoBids platform.