The Financial Review has put out the news that:
“Singapore crypto exchange KuCoin set to expand after $3m Bitcoin Australia deal”
One of the world’s largest cryptocurrency exchanges, KuCoin, has invested in local exchange Bitcoin Australia and formed a new joint venture which will see the Singaporean exchange expand locally.
The joint-venture, the executive said, telling the AFR:
“It will effectively create an exchange for intermediate and advanced traders, while we’re a mass market approach, making us quite synergistic. We’ll build the consumer-friendly retail experience for people entering the market, while supporting KuCoin for advanced traders”
“KuCoin is designed for speculative investors and offers 300 different cryptocurrencies to buy and sell and it doesn’t do any onboarding,” Mr Hackett said.
It will be interesting to see how this Joint Venture adapts and complies to the Laws governing crypto exchanges in Australia.
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