Independent Reserve

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Independent Reserve
Company typePrivate
FoundedJune 2013; 13 years ago (2013-06) [1]
FounderAdrian Przelozny, Adam Tepper
Headquarters
Sydney, New South Wales
,
Australia
Area served
36 countries
WebsiteIndependent 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]

History

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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 died 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]

Bitcoin.com.au

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Bitcoin.com.au
Company typeprivate
Founded2015
Headquarters
Sydney, New South Wales, Australia
Area served
Australia
Key people
Adrian Przelozny (CEO)
Websitehttps://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.[citation needed]

References

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