Independent Reserve Explained

Independent Reserve
Type:Private
Founded: [1]
Founder:Adrian Przelozny, Adam Tepper
Hq Location City:Sydney, New South Wales
Hq Location Country:Australia
Area Served:36 countries
Website:Independent 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

Independent Reserve was founded in June 2013[5] [6] by Adrian Przelozny and Adam Tepper. It started operating in October 2014.[7] In February 2015, Adam passed away 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] [13] In March 2018, the OTC desk was launched.[14] In February 2019, Independent Reserve was the first Australian digital asset exchange to offer insurance on cryptocurrency assets.[15] In January 2020, Independent Reserve announced its expansion into Singapore, citing regulatory conditions.[16] In August 2021, the platform secured an approval from the Monetary Authority of Singapore that will allow it to offer digital payment token services.[17] [18] [19] [20]

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”.[21]

In March 2023, Independent Reserve acquired a cryptocurrency exchange brand Bitcoin.com.au in a deal worth $3 million.[22] In August 2023, Independent Reserve signed a partnership with PayPal,[23] to enable users to send Australian dollars using a credit card or their PayPal account.[24]

References

  1. Web site: 2014-11-01 . Current details for ABN 46 164 257 069 . 2023-10-24 . abr.business.gov.au . en.
  2. News: 2021-08-02 . Crypto Exchange Gets Singapore Nod on Digital Token Services . en . Bloomberg.com . 2023-10-24.
  3. Web site: Singapore leads in cleaning up the crypto industry . 2023-10-24 . www.thebanker.com . en.
  4. Web site: 2022-12-04 . Why Aussie crypto stars are certain Larry Fink is wrong . 2023-10-24 . Australian Financial Review . en.
  5. Web site: 2020-11-19 . Shareholders in biggest Aussie crypto exchange fired up . 2023-10-24 . Australian Financial Review . en.
  6. Web site: Gimondo . Bianca . 2023-03-24 . Bored Apes and bank rates: A look at cryptocurrency and NFTs in 2023 . 2023-10-24 . The Market Herald . en-US.
  7. Web site: 2021-09-30 . Crypto exchanges Independent Reserve, Coinjar win regulation offshore . 2023-10-24 . Australian Financial Review . en.
  8. News: Australian Associated Press . 2015-02-28 . Australian bitcoin entrepreneur Adam Tepper dies in Thailand . en-GB . The Guardian . 2023-10-24 . 0261-3077.
  9. News: 2015-02-28 . Australian Bitcoin trader dies in Thailand . en-AU . ABC News . 2023-10-24.
  10. Web site: Powell . Dominic . 2022-12-04 . FTX fallout: Why running a crypto exchange just got a lot harder . 2023-10-24 . The Sydney Morning Herald . en.
  11. Web site: 2020-01-31 . Australian Crypto Exchange Debuts in Singapore . 2023-10-24 . finews.asia . en-gb.
  12. Web site: Crypto exchange joins elite group . 2023-10-24 . .theaustralian.com.
  13. News: Roy . Jeff . Independentreserve.com/au . 22 April 2021.
  14. Web site: Digital Currency Exchange Opens OTC Desk For Institutions: Independent Reserve . 2023-10-24 . mondovisione.com.
  15. Web site: 2023-10-24 . Crypto News: Australia Moves On Regulation . 2023-10-24 . Forbes Australia . en-US.
  16. Web site: 2020-01-24 . Aussie Crypto Exchange 'Independent Reserve' Expands to Singapore Finance Magnates . 2023-10-24 . Financial and Business News Finance Magnates . en.
  17. News: Ruehl . Mercedes . 2021-08-03 . Singapore to grant first crypto licence in bid to lure digital asset groups . Financial Times . 2023-10-24.
  18. Web site: Staff Reporter . 2021-10-01 . Independent Reserve gets crypto licence from MAS . 2023-10-24 . Singapore Business Review . en.
  19. News: Correspondent . Joyce LimSenior . 2021-10-01 . MAS grants crypto licences to DBS unit and Australian exchange; more licences expected to be issued . en . The Straits Times . 2023-10-24 . 0585-3923.
  20. Web site: Swan . David . 22 November 2022 . FTX’s local users to lose ‘very significant’ sums . The Australian.
  21. Web site: Badman . Rob . 2021-12-06 . 'Go the Bloods'… Independent Reserve crypto exchange teams up with Sydney Swans . 2023-10-24 . Stockhead . en-US.
  22. Web site: 2023-03-22 . Crypto exchange buys Bitcoin.com.au brand for $3m . 2023-10-24 . Australian Financial Review . en.
  23. Web site: Badman . Rob . 24 August 2023 . Money will become digital’: Independent Reserve integrates PayPal payments . Herald Sun.
  24. Web site: 2023-08-23 . PayPal is shifting Aussie dollars onto crypto exchanges . 2023-10-24 . Australian Financial Review . en.

External links

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