Independent Reserve is an Australian-based
digital currency exchange founded in 2013. They are an
order book exchange and an
OTC desk.
History
Independent Reserve was founded in June 2013 by Adrian Przelozny and Adam Tepper. It started operating in October 2014. In February 2015, Adam passed away in a motorcycle accident and Adrian Przelozny took over as CEO. In 2018, Mike Tilley along with KTM Ventures invested into Independent Reserve for 25 percent of the company.
In March 2018, the OTC desk was launched. In February 2019, Independent Reserve was the first Australian digital asset exchange to offer insurance on cryptocurrency assets. In January 2020, Independent Reserve announced its expansion into
Singapore, citing regulatory conditions. In August 2021, the platform secured an approval from the
Monetary Authority of Singapore that will allow it to offer digital payment token services.
In December 2021, Independent Reserve partnered with the
Sydney Swans
The Sydney Swans are a professional Australian rules football club based in Sydney, New South Wales. The men's team competes in the Australian Football League (AFL), and the women's team in the AFL Women's (AFLW). The Swans also field a reser ...
team and signed a one-year arrangement as the “Official Cryptocurrency Exchange of the Sydney Swans”.
In March 2023, Independent Reserve acquired a cryptocurrency exchange brand
Bitcoin.com.au in a deal worth $3 million. In August 2023, Independent Reserve signed a partnership with
PayPal, to enable users to send Australian dollars using a credit card or their PayPal account.
[{{Cite web , date=2023-08-23 , title=PayPal is shifting Aussie dollars onto crypto exchanges , url=https://www.afr.com/companies/financial-services/paypal-is-shifting-aussie-dollars-onto-crypto-exchanges-20230822-p5dyhy , access-date=2023-10-24 , website=Australian Financial Review , language=en]
References
External links
Reform options for regulation of digital assets (Parliament of Australia)
Australian companies established in 2013
Financial services companies based in Sydney
Digital currency exchanges
Cryptocurrency companies