Coinjar Launches Crypto Exchange With AUD Pairings

Announcements, News | May 25, 2018 By:

Australia-based crypto platform CoinJar has launched a cryptocurrency exchange exclusively offering fiat pairings in Australian dollar.

Founded in 2013, CoinJar enables the buying and selling of cryptocurrencies and allows merchants to accept crypto payments. It allows online businesses to accept cryptocurrencies in various categories such as bitcoin tools, brick and mortar, charities and non-profits, electronics and computers, fashion and apparel, among others. It is registered with the Australian Transaction Reports and Analysis Center (AUSTRAC), the country’s financial intelligence agency.

CoinJar’s new crypto exchange will initially support bitcoin (BTC), ethereum (ETH), Litecoin (LTC), and XRP. All supported cryptocurrencies have their own AUD pairs, along with BTC markets for all supported altcoins. It offers accounts for cryptocurrency traders to the institutional level.

Regarding security and privacy, Coinjar claims to store at least 90% of their customers’ cryptocurrencies offline in “geographically redundant secure locations.” The company added that wherever practicable, they also use multi-sig technology to protect digital assets that must be stored online.

“Your personal and financial information is only stored and processed in cloud services that meet our strict infrastructure security requirements,” the company said. “It’s only collected and shared in accordance to our privacy policy.”

In April of this year, Australia adopted a new law that requires crypto exchanges to register with AUSTRAC and meet their obligations.