Binance Australia, the Australian expansion of international crypto-giant Binance, has officially launched to market, providing Aussie users with access to the highly anticipated cryptocurrency exchange platform.
Powered by one of the world’s largest and most trusted cryptocurrency exchanges, Binance Australia is a new digital currency marketplace that provides a fast, secure and reliable platform to buy and sell cryptocurrency in Australia.
Binance Founder and CEO Changpeng Zhao, known as CZ, says launching into the Australian market is the obvious next step for the company with Australia positioned at the forefront of blockchain innovation.
“Australia is regarded as a global leader in cryptocurrency and has always been a really big market for the industry.
Aussies are forward-thinking and accepting of the new technology and revolutionary change that crypto and blockchain can bring to finance and business applications,” said CZ.
How did it all start?
“We have already seen a great uptake from Australians with our existing offerings, Binance Lite Australia and TravelbyBit.
These offerings have provided us with valuable user feedback and market insight to help expand our services and launch to the broader Australian market when the time is right.
“We’re very excited to be launching Binance Australia, providing Australians with access to the world’s number one exchange and further facilitating the growth of crypto.”
In March 2019, Binance officially entered the Australian market in the form of Binance Lite Australia, a cash-to-bitcoin brokerage service operating through a network of 1,300+ supported newsagents across Australia and via internet banking powered by POLi payments.
Binance also invested AU$3.48 million into Queensland-based crypto-travel start-up TravelbyBit in 2018, which today is working with the Queensland Government to use blockchain technology to boost tourism in regional Queensland.
The Australian Government was one of the first in the world to recognise cryptocurrencies as a valid, ownable asset, and there have been numerous innovative blockchain and digital currency-related projects originating in Australia over the last seven years.
Binance Australia CEO, Jeff Yew said he was proud to be a part of Australia’s rise towards the digital economy of the future.
“There’s been an incredible demand for Binance in Australia, so the launch of the exchange is very exciting news for cryptocurrency users across the country.
By lowering the barrier of converting dollars to crypto, we’re expecting to see more Australians, young and old, consider crypto as part of their investment strategy,” said Mr Yew.
“Like all new technologies, we want to make sure that all Australian users feel comfortable and safe using the platform. Binance Australia is registered with AUSTRAC as a digital currency exchange and is compliant with all Australian standards.
“Binance is a trusted body and a key leader in the space, which is why it’s important for us to drive awareness and education of cryptocurrency to strengthen adoption in Australia.
We believe that further adoption will lead to more innovation and economic opportunities across the nation.
“Australian users can fund their accounts from over 100 Australian banks and credit unions for free, any day, any time.
With 24/7 customer support, a simple-to-use interface and a high level of liquidity, Binance Australia is perfect for those just getting started or more advanced traders.”
To trade using Binance Australia, users need to complete a simple and quick identity verification process which will allow them to deposit AUD directly from their bank accounts using PayID with no fees attached.
Users can withdraw funds upon request by linking an Australian bank account to their Binance Australia profile.
Once verified, users are provided with the ability to buy and sell cryptocurrencies like Bitcoin, Ethereum and BNB, through a cutting-edge platform capable of processing more than 1.4 million orders per second.
Explore the new platform here.