| Company type | Private |
|---|---|
| Founded | June 2013 [1] |
| Founder | Adrian Przelozny, Adam Tepper |
| Headquarters | , |
Area served | 36 countries |
| Website | Independent Reserve |
Independent Reserve is an Australian-based digital currency exchange founded in 2013. [2] [3] They are an order book exchange and an OTC desk. [4]
Independent Reserve was founded in June 2013 [5] [6] by Adrian Przelozny and Adam Tepper.[ citation needed ] It started operating in October 2014. [7] In February 2015, Adam passed away in a motorcycle accident [8] and Adrian Przelozny took over as CEO. [9] [10] In 2018, Mike Tilley along with KTM Ventures invested into Independent Reserve for 25 percent of the company. [11] [12]
In March 2018, the OTC desk was launched. [13] In February 2019, Independent Reserve was the first Australian digital asset exchange to offer insurance on cryptocurrency assets. [14] In January 2020, Independent Reserve announced its expansion into Singapore, citing regulatory conditions. [15] In August 2021, the platform secured an approval from the Monetary Authority of Singapore that will allow it to offer digital payment token services. [16] [17] [18] [19]
In December 2021, Independent Reserve partnered with the Sydney Swans team and signed a one-year arrangement as the “Official Cryptocurrency Exchange of the Sydney Swans”. [20]
In March 2023, Independent Reserve acquired a cryptocurrency exchange brand Bitcoin.com.au in a deal worth $3 million. [21] In August 2023, Independent Reserve signed a partnership with PayPal, [22] to enable users to send Australian dollars using a credit card or their PayPal account. [23]
| Company type | private |
|---|---|
| Founded | 2015 |
| Headquarters | Sydney, New South Wales, Australia |
Area served | Australia |
Key people | Adrian Przelozny (CEO) |
| Website | https://bitcoin.com.au/ |
Bitcoin.com.au is an Australian cryptocurrency exchange platform founded in by Rupert Hackett, [24] then purchased from Banxa by Independent Reserve in 2023.
On 20 June 2016, Bitcoin.com.au partnered with BlueShyft. [25]
On August 2, 2017, the platform raised $815,000 in series A funding to expand globally and added Ethereum and XRP to its exchange. [26] [27]
On July 13, 2018, Ben Ingram, an Australian PwC director, became the new CEO. [28]
In June 2020, the company partnered with Australia Post, making Bitcoin purchases available at any post offices across Australia. [29] [30]
In March 2023, Bitcoin.com.au became a major sponsor of the Sydney Swans. [31] [32] [33] [34] In the same month, the platform was purchased by a Sydney-based cryptocurrency company called Independent Reserve for $3M as announced by its CEO Adrian Przelozny. [33] [35]
In August 2023, Bitcoin.com.au partnered with PayPal, becoming the first digital exchange in Australia to integrate with the mentioned platform as a funding option. [36]