Australian Securities Exchange Might Develop First Crypto

Last Updated on May 3, 2021 by Jason

Otherwise known as ASX, the Australian Securities Exchange might develop their own cryptocurrency fund by the end of 2021. There are a number of exchange applications being processed right now, and while they wouldn’t confirm or deny, they did say that they are currently spending a lot of time on digital assets, according to Business Insider.

Crypto

The ASX say that they are at a point where they can no longer ignore the prevalence of digital assets. Executive general manager Max Cunningham said, “You can see how mainstream this has become at an institutional level in the developed markets, like the U.S., Canada, Europe and the UK. You can’t ignore that. We can’t ignore it, and we’re not.”

Canada has listed four ETFs for Bitcoin this year so far.

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Jasonhttps://earthweb.com/
Hi! I'm the editor at EarthWeb. I have a deep interest in technology and business. I also enjoy testing products out. Contact me to be featured!

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