26 Sep '13, 12pm

Australia gets new bitcoin exchange BTC Markets

Australia gets new bitcoin exchange BTC Markets

In Australia, things might be looking up for the bitcoin community. A group of local bitcoiners is working to form a local chapter of the Bitcoin Foundation, and there is a new trading platform for the community. Around two weeks ago, a new exchange based in Sydney called BTC Markets went live. The exchange, which supports bitcoin and litecoin, was started by Martin Bajalan, a bitcoin enthusiast who is among a team of nine working to set up an Australian chapter of the Bitcoin Foundation. The exchange provides trades in real time, and charges no fees for fund transfers, making its money instead from a trade commission that starts at 1%. His goal is to conduct a million trades per month by the end of next year. “The challenge will be how quickly we can provide adequate liquidity with new financial products to attract traders, and also overcome the regulation issues over the...

Full article: http://www.coindesk.com/australia-gets-new-bitcoin-exchan...

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