Solana

Bitcoin

Each week, we share insights on the latest news and moves to impact the crypto market and the broader macroeconomic landscape. Want these updates delivered straight to your inbox? 

 is currently at 22/100 in the Extreme Fear zone, down 8 points from this time last week. The index reached a high of 40/100 on Sunday and a low of 22/100 today.

It’s a sad time for the industry and yesterday’s events clearly articulate the need for regulatory clarity in our space. BTC Markets were incredibly disappointed to learn that FTX experienced a liquidity crisis which has impacted their exchange. While developments are still fluid, we understand that Binance have indicated they will not proceed with the intent to acquire FTX.

Our industry, clients and business partners want regulatory assurances around centralised exchange custody requirements, licensing, listing criteria and education. These sureties can only come from clear, reasonable, and responsible regulation developed in partnership with industry participants such as BTC Markets.

The 2008 Global Financial Crisis saw many companies who were over exposed with leverage become unstuck and unfortunately, we have seen another example of this. At BTC Markets we believe in conservative financial management, especially in the nascent world of cryptocurrency when there are less protections for consumers.

Although the potential loss of client’s funds can create stress, our hope is that this event will force the industry to take another positive direction towards transparency and rigour. We anticipate consumers will start expecting more financial transparency from their providers. BTC Markets have been operating since 2013, we are older than Ethereum and our conservative financial management approach reflects our commitment to your financial security.

In terms of the impact on the market, this will depend on many factors currently playing out such as timelines for completing due diligence and locating emergency funding. There is no doubt the cryptocurrency community will be watching these events closely to understand and prepare for the flow on effect of these decisions.

We are finally seeing a swift expansion of volatility across the crypto markets, as mentioned in previous weeks, evident on the charts due to being in some of the lowest volatility environments in several years. Combined with this, we have some very significant fundamental factors that are now in play as outlined above in Anna’s statement. Whenever there are "unknown unknowns" affecting the market, with contrasting viewpoints and data, zooming out to gain perspective from a macro view of the charts has been beneficial.

The challenge that remains is we are now in a time where many interdependencies of risk are being exposed, and rigorously put to the test, with the full extent remaining to be seen. It begs the question, is a social channel that allows for our industry leaders to battle it out for all to see only making this worse – or bringing about an even quicker resolution? If one thing is for certain, it is that amidst immense selling pressure, traders that have patiently been waiting for lower prices, are now being rewarded.

Here on the desk, we see traders taking full advantage of the USD, with flows out of stablecoins ahead of any volatility that ensues later in the week. As we approach macro lows for most crypto assets across the board, traders are ensuring they have capital to make the most of any buying opportunities that may come.

Looking to the US, we also see a temporary decoupling in the correlation between BTC and the S&P500, as historically their positive correlation has proven to be an indicator of relative strength/weakness. Lastly, as we bring this week to a close, we once again have US CPI and Core Inflation prints being revealed tomorrow. Certainly, a time to watch the charts, as this release has provided significant price movements, specifically on BTC/AUD and ETH/AUD.

If you’re interested in opening a newly funded account, layering long-term positions on your Self-Managed Super Fund, or simply as a stablecoin offramp, our expert OTC desk can facilitate your request. Let our team source the liquidity you need to fill any positions starting at AUD $100k. Enquire 

Google announce they will be running a Solana validator.

On Sunday, Google Cloud announced its support for the Solana Blockchain with the launch of a validator node, as the company further expands into Web3. The 

 thread revealed that Google Cloud is “running a block-producing validator to participate in and validate the network” adding that they are working on bringing a “Blockchain Node Engine to the Solana chain next year” to make it “easy for anyone to launch a dedicated Solana node in the cloud” and “indexing data and bringing it to 

 next year to make it easier for the Solana developer ecosystem to access historical data.”

The announcement from Google Cloud follows 

from Circle that they are looking to integrate its Euro Coin (EUROC) to the Solana chain in H1 2023.

Traditional banks complete their first Defi trades on a public blockchain.

Traditional finance (TradFi) giants have completed their 

 on a DeFi protocol. Under the supervision of the Monetary Authority of Singapore’s pilot guardian project, JP Morgan, HSBC and other global banks “conducted foreign exchange and government bond transactions against liquidity pools comprising of tokenised Singapore Government Security Bonds, Japanese Government Bonds, Japanese Yen (JPY) and Singapore Dollar (SGD).”

The trend of TradFi institutions conducting pilots in Web3 is growing rapidly, evidenced by the Bank of Korea finishing a 

 trading remittance and NFT projects under its Central Bank Digital Currency.

November 7th to 13th is the Australian Competition & Consumer Commission’s (

) ‘Scam Awareness Week’. This initiative is a great way to raise awareness of the common scams targeting consumers. To support this event, each day we have focused on the common scams that people may face and provided safety measures that can be implemented.

You can find our series of videos on our social media pages, where we have discussed phishing, two-factor authentication, investment scams, dating/romance scams and money mules.

Check out our scam awareness video series on 

Due to market volatility and your feedback, we have postponed our scheduled maintenance to 15th November 2022 from 2am-8am AEDT. All our services (site and API) will be offline between 2am and 6am, and our fund processing (deposits and withdrawals) will remain offline for a further two hours until around 8am. Please refer to this 

 for updates during the maintenance period.

Scams are on the rise in Australia, and some of them are targeting BTC Markets clients. We want to remind you of the importance of safe online practices, so that you can avoid falling victim to these scams. The most common scams right now include fake websites and social media posts that attempt to steal your personal information.

Scammers may pose as representatives from companies that you interact with such as BTC Markets, and they use these fake sites to trick you into handing over your personal information. These sites often look like real websites with logos and addresses that make them appear like they're legitimate.

You should never give out your personal information or provide credit card information over email or social media messenger chats. We have a dedicated page on how to '

', which we encourage you to read. Being informed and taking simple measures is the best action you can take to protect yourself and your account while online. The Australian government’s ‘

’ website provides the latest information on how to recognise, avoid and report scams.

The information provided in this email is for general purposes only. It should not be construed as professional financial advice from BTC Markets Pty Ltd. BTC Markets is not a financial adviser, and you should consider seeking independent legal, financial, taxation or other advice to ensure that the information relates to your unique circumstances. BTC Markets is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this information contained with this email. Prices are accurate as of 10:15 AM AEDT, on 10/11/2022

This Week in Crypto: 10th November 2022

Maintenance has been rescheduled from the 10th November to the 15th of November 2022 due to market volatility. 

Please be advised that we will be conducting scheduled maintenance on Tuesday 15th Nov 2022, between 2am and 8am AEDT.

All of our services (site and API) will be offline between 2am and 6am, and our fund processing (deposits and withdrawals) will remain offline for a further 2 hours until around 8am.

 for updates during the maintenance period. A final notification will be provided here and on 

Scheduled Maintenance Downtime: Tuesday 15th Nov 2022

is currently at 30/100 in the Fear zone. Down two points from last Thursday. The index reached a high of 34/100 over the weekend and a low of 30/100 today.

The crypto markets had a relief rally over the weekend, with multiple altcoins closing out the week in double-digit gains. However, the relief was short lived as the weekend gains were quickly wiped out. Bitcoin is maintaining its strength in the low AUD $30k range while XRP saw a 1.59% drop last week and is currently trading at AUD $0.7097. Total crypto market capitalisation increased by 1.12% last week, closing above the US $1 trillion benchmark.

Markets have shown resilience following major announcements from the RBA and the US Federal Reserve. On Tuesday the RBA Board increased the official cash rate target by 25-bps to 2.85%, the fastest rate hikes in history following consecutive 50-bps increases from June through to September of this year. RBA Governor, 

, stated “Inflation in Australia is too high. Over the year to September, the CPI inflation rate was 7.3 per cent, the highest it has been in more than three decades.” He went on to state that “global factors explain much of this high inflation, but strong domestic demand relative to the ability of the economy to meet that demand is also playing a role.” The RBA once again confirmed that “returning inflation to target requires a more sustainable balance between demand and supply.” Further rate increases are expected over the coming months with economists forecasting 8% peak inflation by the end of the year.

The US Federal Reserve (Fed) raised the benchmark interest rate today by another 75-bps to 4% and indicated it will keep raising interest rates until inflation is brought under control. This marks the sixth consecutive increase in the benchmark interest rate, which will continue to impact consumer spending and access to affordable credit. Fed Chair 

 stated “It will become appropriate to slow the pace of increases, as we approach the level of interest rates that will be sufficiently restrictive to bring inflation down to our 2 percent goal." He added that "the ultimate level of interest rates will be higher than previously expected.”

Meanwhile, Eurozone inflation came in at a 

 of 10.7% in October off the back of soaring energy costs. The surge was fuelled by energy prices which were 42% higher than in the same month last year. Prices for food, alcohol and tobacco are believed to have risen by 13.1% year-on-year.

One of fintech’s largest events in the Asia Pacific region has taken place this week, attracting industry participants and government representatives from around the globe. Our CEO Caroline Bowler was featured on multiple panels at the 

, examining the challenges and opportunities for the crypto market in Australia and the broader APAC region. These discussions included the “Digital Assets Regulations in ASEAN+: Past, Present and Future” and “Size does matter, is institutional money really into crypto or is it just too small?”

BTC Markets continues to advocate for proportionate, appropriate and responsible regulation to facilitate capital flow, ensure proper oversight to demonstrate industry preparedness and, most importantly, protect investors’ interests. We will continue to strive for an open and transparent dialogue with government agencies to achieve a balance of consumer protections while encouraging innovation in the digital asset space.

 has submitted documents to the United States Patent and Trademark Office showing the firm’s intention to build out Web3 capabilities. The first trademark relates to the “management of digital transactions” for cryptocurrency wallet services and to manage transactions on the blockchain. The second patent allows the “temporary use of non-downloadable software” that provides recipients with a range of actions when interacting with digital assets such as cryptocurrencies and NFTs.

These patents are not unique, other legacy payment providers like

 have filed similar patents that enabled them to service Web3 offerings in the not-so-distant future. In fact, some of these patents have been compiled to protect these companies, with Visa explaining to 

 “while not all patents will result in new products or features, Visa respects intellectual property and we are actively working to protect our ecosystem, our innovations and the Visa brand.” With blockchain solutions providing greater 

 for transactions, it can be seen why VISA are building capacity, whilst protecting their business capabilities.

The ongoing lawsuit saga between the Securities Exchange Commission (SEC) and XRP is continuing to evolve as Ripple gains greater support from industry participants. The SEC lawsuit claims that Ripple transacted as an unlicensed security and the government agency has been criticised for its heavy-handed approach to regulation.

 article, crypto law experts expect the SEC to lose the case which will set a precedence and severely limit the SEC’s authority to regulate crypto in the United States. As the outcome from the lawsuit could severely impact the crypto markets, support for Ripple has been growing. US lobby group, 


have both offered to assist via amicus briefs, which allow organisations to provide their expertise on issues relating to the case.

The countdown is on. Solana (SOL) is set to go live on BTC Markets in the coming weeks. Deposits, withdrawals and 

 will be available prior to the market being enabled. We will provide updates via 

We are in the final stages of a brand refresh which includes a new look and feel for our website, mobile app and emails. As a part of this work, we listened to your feedback and started hosting our newsletter online to make it more convenient and secure for you to access our weekly content.

You will still receive a weekly email from us but in a condensed with links to the landing page. Alternately, you can visit our

 to read the latest market update every Thursday. Stay tuned for further updates.

Support Australia's 'Markets Day for Charity' on Tuesday 22nd November.

BTC Markets is proud to be a donor for the ‘

’ on Tuesday 22 November. Hosted by the ASX Refinitiv Charity Foundation, participants include ASX, NABtrade, Macquarie Bank and Citi. BTC Markets will be donating 100% of our trading profits from the day with proceeds going to a range of Australia-based children’s, disability, and medical research charities.

How can you get involved? It's easy, just 

 your BTC Markets account and trade on the day.

When security matters, trade with confidence at BTC Markets.

Fraudulent schemes are on the rise in Australia, and some of them are targeting BTC Markets clients. We want to remind you of the importance of safe online practices, so that you can avoid falling victim to these activities. The most common scams right now include fake websites and social media posts that attempt to steal your personal information. Criminals may pose as representatives from companies that you interact with such as BTC Markets and use fake sites to trick you into handing over your personal information. These sites often look like real websites with logos and addresses that make them appear like they're legitimate.

You should never give out your personal information or provide credit card data over email or social media messenger chats. We have a dedicated page on how to '

’ Website provides the latest information on how to recognise, avoid and report scams.

: The information provided in this email is for general purposes only. It should not be construed as professional financial advice from BTC Markets Pty Ltd. BTC Markets is not a financial adviser, and you should consider seeking independent legal, financial, taxation or other advice to ensure that the information relates to your unique circumstances. BTC Markets is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this information contained with this email. Prices are accurate as of 10:00 AM AEDT on 03/11/2022.

This Week in Crypto: 3rd November 2022

Ethereum

Bitcoin Fear and Greed Index is currently at 32/100 in the 'Fear' zone up 9 points from this time last week. The index reached a high of 33/100 on Wednesday and a low of 20/100 on Saturday. 

Welcome everyone to the first edition of ‘CEO's Corner’ where each month I hope to shed some light on what we're focusing on at BTC Markets to make your experience the best it can be.

Firstly, on Tuesday night, the federal government handed down their mini budget which outlined steps for improving the productive capacity of our economy. As an Australian based cryptocurrency exchange, this outcome closely aligns with our business objectives and with those of the local digital assets industry.

According to research from Ernst & Young, our sector currently contributes $2.1 billion to the Australian economy and their 2021 report states that under the right policy settings, this contribution could grow to $68.4 billion by 2030 (or, about 2.6% of the national economy).

As an industry, we have consistently sought out opportunities to collaborate with government on defining a proportionate regulatory environment for our sector. The token-mapping exercise as recommended by the 2021 Senate report is a vital stepping-stone towards regulatory clarity and one, we support. However, we need ongoing intellectual investment from government to drive and accelerate responsible regulatory outcomes without stifling growth and innovation.

In our 2020 submission to the Senate committee, BTC Markets stated that regulation sets the tone. It builds the culture, facilitates the flow of capital and manifesting of skills in our workforce. It is needed to construct the right safeguards, and demonstrate industry preparedness, in protecting all investor clients. It also provides surety as to the direction for investment and jobs growth.

International partners such as the European Union are embracing this opportunity with their recent legislation. We believe it is imperative that we move with the times or risk losing both our competitive edge and the digital economy. Our goal is to work with the government to keep innovation and consumer protections at the very heart of our industry.

Talking about consumer protections, we’re delighted to once again be the only Australian based crypto exchange to be included in Digital Asset Research’s (DAR) list of ‘

’. 450 exchanges across the world are reviewed each quarter with the aim to eliminate any exchanges not considered ‘appropriate’ for determining an accurate market price. The DAR vetting process applies ‘institutional-level diligence to digital asset markets’ and their goal, is to provide reliable crypto data in an environment where cryptocurrencies trade across hundreds of lightly regulated or unregulated exchanges. With only 21 exchanges meeting their stringent criteria, this again confirms our commitment to provide the fastest and most transparent trading platform and prices to our clients.

Lastly, BTC Markets will be at the Singapore Fintech Festival November 2nd to 4th, joining the Australian Trade and Investment Commission (Austrade) Team at the Australia Pavilion booth. It’s a great opportunity to be at the forefront of FinTech in the APAC region and we are excited about the fantastic line up of speakers and attendees. If you are at the event, come by booth 5F17 and say hi.



Looking at the daily chart of BTC, we see the further squash of volatility and tightening in price, increasing the probability that we are on the verge of a macro move. Of course, alongside we are hearing that global currencies, such as the British Pound, and the S&P 500 stock index are now more volatile than our fearless leader Bitcoin.


With the USD reaching at least a temporary high, a path of least resistance is now being gifted to many of the world’s "risk" assets, such as BTC and other cryptos. DXY, being the USD's value relative to a basket of other fiat currencies, is the metric of choice for most traders. As this metric is displaying signs of exhaustion and changes in market structure, we see an inversely correlated move taking shape as most crypto assets commence a move off the local lows. The counterpart to this is with such a data heavy week in the US (New Home sales, Unemployment and Consumer Sentiment) will we see the strength and continuation to this move that we need to sustain price? If we are looking at BTC/AUD, daily candle closes above our previous local high of $32,530 is the first step.

In the last few days, we have also seen the predictions for the next US FED interest rate hike to come in at 50bps, compared to the 75bps as originally thought. In concert, the Investor Fear & Greed sentiment indicator has seen a lift from “Extreme Fear” and is now into the 'Neutral' zone, with a read of 55. If this interest rate prediction does play out, and we see a slight reprieve from the US FED, it is another factor of confluence which favours the recent mark up in price.

The crypto market cap is sitting at AUD $1.608 trillion, a 5.58% increase since last week. BTC has settled at AUD $32,069, a 4.84% increase, ETH up 18.24% at AUD $2416.41, and XRP finished at AUD $0.7212, a decrease of 0.52%.

On the desk we continue to see strong volume on XRP - being the clear trade of choice for many over the last week. However, with the current price movements, it's a clear switch in flows over to BTC and ETH, giving XRP a break. Impressive gains for ETH with 5.72% jump in the last 24 hours.

Introducing SOL, the native token for the Solana blockchain

Solana (SOL) is an open source, permissionless blockchain with a focus on decentralisation and scalability. A permissionless blockchain allows anyone to participate in the network, rather than requiring the user to first register or obtain permission from a central authority. The network relies on the use of its native currency SOL for transaction fees and staking.

Solana claims to reduce latency in transaction verification times by up to 10x compared to other blockchains like Ethereum. It uses its own Proof-of-Stake (PoS) protocol called '

 that relies on a system clock for verifying transactions which makes it fast but also potentially less secure than other PoS protocols like Ouroboros (Cardano). A PoS consensus mechanism allows users to earn rewards simply by owning SOL tokens and locking them up for a certain period.

SOL is the first of many major marketcap coins coming to BTC Markets.



An alternative scaling solution launches alpha on Ethereum mainnet

Ethereum transactions could become faster and cheaper in the future with ZK rollups from 

, a layer-2 Ethereum scaling solution. Over the past four years, zkSync has been developing groundbreaking technology on Ethereum’s test net which aims to reduce gas fees and increase transaction speeds by 20x.

ZkSync are rolling out on Ethereum's mainnet through three stages; first is the Baby Alpha stage, second is the Fair Launch Alpha and third is the Full Alpha launch.

The Baby Alpha launch (a version that has passed initial quality assurance, but no documentation or support is available) is on the horizon for October 28th and show the feasibility of operating in a live Ethereum environment. Using smart contracts, ZK rollups bundle together individual transactions from Ethereum's main layer off chain, combines them, then returns them to the mainnet to be processed. This produces greater efficiencies resulting in reduced fees and faster processing times. Unlike other layer-2 rollups (which assume transactions are correct), zkSync technology uses zero-knowledge proofs to confirm the validity of the transaction without disclosing the evidence which supports them.


According to 'The Crypto Times' zkSync should launch its final stage full alpha by the end of 2022, assuming the prior two implementations are successful.

Bank of America says “investors may view Bitcoin as a relative safe haven.”

Bank of America digital asset strategists claims that “investors may view Bitcoin as a relative safe haven as macro uncertainty continues and market bottoms remain to be seen.” 

 has been on a steady rise since mid-August, with the last 40 day moving average of the asset pair growing to 0.50. The S&P 500 and Nasdaq have a higher correlation to gold at 0.69 and 0.72 respectively, although both have come off record highs in previous months. 

Demand for Bitcoin is on the increase despite price consolidation since mid-September which has since range bound behaviour from US $18,000-$21,020. We see this exemplified through 

 reaching a new all-time high recently which indicates increased competition amongst Bitcoin miners. The 

 refers to the total combined computational power that is being used to mine and process transactions on a Proof-of-Work blockchain. The higher the hashrate, the more machines working to discover the next block which in turns secures the network and reduces the possibility of a malicious attack. 

ETHW airdrop distributed to eligible recipients

 ETHW to the accounts of all eligible clients (those that held ETH on BTC Markets at the time of the Merge). We have enabled withdrawals for ETHW, however ETHW deposits and trading will not be supported on the exchange. Eligible clients will now see their ETHW balance in their portfolio and will have received an email confirming the airdrop.

Take advantage of our tax partner discounts.

Completed your taxes yet? With the tax deadline for filing individual returns fast approaching, we have secured tax partner 

 to help you organise your crypto documentation. Don’t forget to check out our tax 

Your account and asset security are our main priorities. We have institutional-grade security and compliance processes in place including an onshore client service team available to assist you seven days a week. We are 100% Australian-owned, keep your assets on shore, and do not trade against you for our own profit. You can trade with confidence knowing that you have partnered with a fully licensed, compliant, and self-regulated crypto exchange. If you have any questions about how we manage your assets, please feel free to contact us at any time or visit our 

 to learn more about how we keep your account secure.

This Week in Crypto: 27th October 2022

Tether

Uniswap

 is currently at 23/100 in the Extreme Fear zone up 3 points from this time last week. The index reached a sustained high of 24/100 from Friday to Sunday and a low of 20/100 on Monday.

The U.S Consumer Price Index (CPI) came in hotter than expected for September, with a 0.4% 

. The elevated CPI underscores fundamental inflation pressure that continues to impact the broader economy. Markets reacted wildly with an initial sell off followed by a sharp recovery to close the day in positive territory. The NASDAQ gained 2.2% on the day, recovering from a 3.2% decline while the S&P closed up 2.2%.

In the crypto markets, Bitcoin retraced sharply down 5% after the release of the CPI numbers but quickly rallied, closing in the green at AUD $29,043. Kaiko, a digital asset data provider reported 

Bitcoin’s 20-day volatility equalled the NASDAQ

 for the first time in two years. The report stated that since September 2022, BTC has held its value while the NASDAQ fell 13% and the S&P fell 10%.

The crypto market cap is sitting at AUD $1.523 trillion, a 0.59% decrease since last week. BTC has settled at AUD $30,587.75, a 0.02% drop, ETH down 1.07% at AUD $2043.67, and XRP finished at AUD $0.725, dipping 6.75%.

 the Markets in Crypto-Assets (MiCA) bill containing legislative reforms for cryptocurrency assets. The bill will now move to final negotiations with various government entities before being adopted by the European Parliament. Once voted into law, it will come into effect in 2024 after a 12-18-month adoption period to allow industry participants time to make the required changes.

The extensive set of regulatory reforms signals an industry first, requiring crypto platforms and issuers of digital assets to abide by stringent reporting and liquidity requirements.

Stablecoin Tether reduces risk around collateral backing.

Tether, the largest stablecoin by market cap, has decreased its 

reliance on commercial paper as a reserve

. This is due to the insecure nature of commercial paper, which is historically the dominant source of Tether's stablecoin backing. As Tether decoupled from this risky debt, it simultaneously invested in US Treasury Bills, now the most prominent asset supporting Tether’s reserves.

This transition marks the trend for stablecoin issuers wanting to secure their reserves with less risky asset classes. Circle, the provider of the second largest stablecoin USDC, 

 backing its stablecoin with US Treasury Bills and dollars in July 2022. Stablecoin issuers have bolstered the integrity of their reserves, as the danger of having concentrated and volatile asset classes as a reserve were displayed in the Terra-Luna incident in May 2022.

Uniswap Labs raises Series B funding to bolster its offering.

Uniswap Labs, the firm responsible for creating the Uniswap protocol, has raised a new round of funding 

. This influx of capital is the largest presented for a DeFi protocol, with Uniswap’s Dex now facilitating US $4.62 billion in total value locked

. Despite these figures, Uniswap CEO Hayden Adams stated that Uniswap Labs isn’t profitable, and newfound funds will be used to expand their product offerings and become financially sustainable in the coming years.

Adams cited plans to “unlock new interactions between tokens and NFT’s” alluding to their June purchase of 

, an NFT market aggregator. Uniswap intends to build an NFT aggregator that functions like their Uniswap Dex. He also wants to build services that make Web3 more accessible to non-technical people.

Anthony Hopkins ventures into Web3 with NFT drop.

Sir Anthony Hopkins has made waves in the NFT world by releasing a 1000 1:1 NFT drop that sold out 

. The collection was designed to “conceptualise an interpretation of the vast character archetypes Sir Anthony Hopkins has portrayed over his illustrious film career drawing its potent energy from his stimulating body of art” and includes autographs, artworks and Zoom calls with the iconic actor.

This trend of celebrities developing NFT drops has not 

 as the above case, with many attempting similar opportunities with limited success.NFT investors have been transitioning to additional utility, not hype on speculative gain. According to 

, investor appetite for real world use cases for NFT's is expected to grow beyond 2022.

We are in the final stages of deploying the newly developed ETHW wallet infrastructure (currently in the testing phase). We aim for this to be complete by next week, and will provide 

 as they become available. Thank you for your ongoing support.

We are excited to announce that Solana (SOL) is coming to BTC Markets. We look forward to bringing you more information about the Solana network and its native token SOL as we get closer to the launch.

Scams are on the rise in Australia, and some of them are targeting BTC Markets clients. We want to remind you of the importance of safe online practices, so that you can avoid falling victim to these scams. The most common scams right now include fake websites and social media posts that attempt to steal your personal information. Scammers may pose as representatives from companies that you interact with such as BTC Markets, and they use these fake sites to trick you into handing over your personal information. These sites often look like real websites with logos and addresses that make them appear like they're legitimate.

This Week in Crypto: 20th October 2022

"We’ve built our business on partnerships and Chainalysis KYT has been a cornerstone, providing the appropriate measures to protect our clients and position our exchange well for the future."


Chainalysis has been selected as the compliance partner for BTC Markets. Our exchange offers an industry-leading compliance program that models itself on the traditional framework applied to the financial services industry. From a compliance perspective, we work with FrankieOne for KYC, which provides a full suite of checks and works well with Chainalysis.

Our mission is to provide the fastest and most secure exchange to all crypto traders and investors. Our cutting-edge platform combines excellent client support, secure transactions, and top-of-the-line security protocols. Additionally, our world-class trading engine and peer-to-peer marketplace provide peace of mind knowing that your transaction with be executed quickly and efficiently.

Our compliance program includes industry-leading AML and KYC practices, as well as strict security protocols. The partnership with Chainalysis ensures risk mitigation measures are in place as we strive to cultivate close relationships with key industry leaders to drive innovation and provide input to government entities around regulatory implementation.

With appropriate regulation and investor protections, the cryptocurrency industry can continue to drive adoption within Australia. The partnership between Chainalysis and BTC Markets exemplifies what is possible when market leaders strive to balance consumer protection with market innovation. The combination of responsible regulatory oversight, industry-leading compliance policies, and anti-money laundering (AML) tools has enabled BTC Markets to create a world-class trading environment for crypto investors and traders. This sets the industry standard for exchange innovation and regulatory compliance moving forward.

BTC Markets Blog

This Week in Crypto: 10th November 2022

Scheduled Maintenance Downtime: Tuesday 15th Nov 2022

This Week in Crypto: 3rd November 2022

This Week in Crypto: 27th October 2022

This Week in Crypto: 20th October 2022

BTC Markets sets the industry standard for crypto compliance in Australia