Australian Independent Reserve Wins Digital Currency Exchange of the Year

Ricardo Esteves

Ricardo Esteves has seen business and economics through many lenses. He joined the Financial Services Industry in 2009, and has been a financial journalist since 2011. He holds a degree in Business Administration and has experience producing real-time news, from both buy-side and sell-side, as well as for retail traders, brokers and service providers. Esteves' work has appeared in a variety of online publications including FX Street and FinanceFeeds.

Australian Independent Reserve Wins Digital Currency Exchange of the Year

August 1, 2019

Independent Reserve, the leading Bitcoin and cryptocurrency exchange in Australia, has been awarded Digital Currency Exchange of the Year at this year’s inaugural Australian Blockchain Industry Awards.

The executive team, comprised by Lasanka Perera (COO), Adrian Przelozny (CEO and founder) and Roman Stefanidi (CTO), has worked to make significant progress with a succession of strategic partnerships and business growth for the crypto exchange.

Adrian Przelozny, CEO and founder of Independent Reserve, commented: “It’s a real privilege to stand alongside some of the incredible innovators in this year’s Australian Blockchain Industry Awards. Winning Digital Currency Exchange of the Year is testament to the hard work and consistent effort our team has put in to making Independent Reserve the top tier exchange that it is today. I’m extremely proud of what we’ve achieved so far, and I look forward to progressing this further. With cryptocurrency markets growing at a rapid rate across the world, it’s essential that we’re continually evolving our business and trading features on the platform to keep up with the pace of change.

In early 2019, Independent Reserve became the first operator within the crypto ecosystem in Australia to offer insurance coverage against theft or loss of any cryptocurrency that is held in an Independent Reserve trading account. The firm’s client base amounts to 100,000 users spread across Australia and New Zealand and services around 8,000 self-managed super funds (SMSFs).

The exchange also partnered with KPMG, the multinational professional services network and one of the Big Four accounting organizations, to create a crypto tax calculator developed by KPMG which plugs directly into users’ Independent Reserve accounts, allowing traders to estimate tax obligations on their portfolio.

Chief executive Przelozny added that the Australian-based crypto exchange launched in November 2018 , a blockchain innovation hub and coworking space in Sydney. Independent Reserve was founded in 2013 and allows Australians to buy, sell and invest in Bitcoin (XBT), Ethereum (ETH), Litecoin (LTC), Ripple (XRP) and other digital currencies, through its proprietary, institutional grade trading platform.

Independent Reserve counts with Mike Tilley (ex -CEO of Challenger Financial and Chairman of Latitude Financial), Martin Rogers (KTM Ventures) and Steve James (Seer Asset Management) as investors and board members. The operator collaborates with Australian financial watchdogs, such as AUSTRAC, to develop AML/CTF regulatory frameworks for the industry. Its pro-regulation stance has led the exchange to be an audited, gold Certified member of the Australian Digital Commerce Association (ADCA), which represents the cryptocurrency industry in Australia.

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