Company:Independent Reserve

From HandWiki
Independent Reserve
TypePrivate
FoundedJune 2013; 11 years ago (2013-06) [1]
FounderAdrian Przelozny, Adam Tepper
Headquarters
Sydney, New South Wales
,
Australia
Area served
36 countries
Key people
Adrian Przelozny (Chief Executive Officer & Co-Founder)[2] Lasanka Perera (CEO of Independent Reserve Singapore)[citation needed]
WebsiteIndependent Reserve

Independent Reserve is an Australian-based digital currency exchange founded in 2013.[3][4] They are an order book exchange and an OTC desk.[5]

History

Independent Reserve was founded in June 2013[6][7] by Adrian Przelozny and Adam Tepper.[citation needed] It started operating in October 2014.[8] In February 2015, Adam passed away in a motorcycle accident[9] and Adrian Przelozny took over as CEO.[10][11] In 2018, Mike Tilley alongside with KTM Ventures invested into Independent Reserve for 25 percent of the company.[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. ↑ "Current details for ABN 46 164 257 069" (in en). 2014-11-01. https://abr.business.gov.au/. 
  2. ↑ (in en) Independent Reserve's Przelozny on Crypto Regulations, 2022-11-23, https://www.bloomberg.com/news/videos/2022-11-23/independent-reserve-s-przelozny-on-crypto-regulations-video, retrieved 2023-10-24 
  3. ↑ "Crypto Exchange Gets Singapore Nod on Digital Token Services" (in en). Bloomberg.com. 2021-08-02. https://www.bloomberg.com/news/articles/2021-08-02/crypto-exchange-gets-mas-in-principle-approval-for-dpt-services. 
  4. ↑ "Singapore leads in cleaning up the crypto industry" (in en). https://www.thebanker.com/Singapore-leads-in-cleaning-up-the-crypto-industry-1628263764. 
  5. ↑ "Why Aussie crypto stars are certain Larry Fink is wrong" (in en). 2022-12-04. https://www.afr.com/technology/why-aussie-crypto-stars-are-certain-larry-fink-is-wrong-20221202-p5c3ai. 
  6. ↑ "Shareholders in biggest Aussie crypto exchange fired up" (in en). 2020-11-19. https://www.afr.com/street-talk/shareholders-in-biggest-aussie-crypto-exchange-fired-up-20201119-p56fyt. 
  7. ↑ Gimondo, Bianca (2023-03-24). "Bored Apes and bank rates: A look at cryptocurrency and NFTs in 2023" (in en-US). https://themarketherald.com.au/bored-apes-and-bank-rates-a-look-at-cryptocurrency-and-nfts-in-2023-2023-03-24/. 
  8. ↑ "Crypto exchanges Independent Reserve, Coinjar win regulation offshore" (in en). 2021-09-30. https://www.afr.com/companies/financial-services/crypto-exchanges-independent-reserve-coinjar-win-regulation-offshore-20210930-p58w1i. 
  9. ↑ "Australian bitcoin entrepreneur Adam Tepper dies in Thailand" (in en-GB). The Guardian. Australian Associated Press. 2015-02-28. ISSN 0261-3077. https://www.theguardian.com/technology/2015/mar/01/australian-bitcoin-entrepreneur-adam-tepper-dies-in-thailand. 
  10. ↑ "Australian Bitcoin trader dies in Thailand" (in en-AU). ABC News. 2015-02-28. https://www.abc.net.au/news/2015-02-28/bitcoin-ceo-adam-tepper-killed-in-thailand/6271440. 
  11. ↑ Powell, Dominic (2022-12-04). "FTX fallout: Why running a crypto exchange just got a lot harder" (in en). https://www.smh.com.au/business/entrepreneurship/ftx-fallout-why-running-a-crypto-exchange-just-got-a-lot-harder-20221202-p5c370.html. 
  12. ↑ "Australian Crypto Exchange Debuts in Singapore" (in en-gb). 2020-01-31. https://www.finews.asia/finance/30861-australian-crypto-exchange-debuts-singapore-independent-reserve. 
  13. ↑ "Crypto exchange joins elite group". https://www.theaustralian.com.au/business/technology/crypto-exchange-joins-elite-group/news-story/4559096ef76ee775b83d7c30ccc12a4c. 
  14. ↑ "Digital Currency Exchange Opens OTC Desk For Institutions: Independent Reserve". https://mondovisione.com/media-and-resources/news/digital-currency-exchange-opens-otc-desk-for-institutions-independent-reserve/. 
  15. ↑ "Crypto News: Australia Moves On Regulation" (in en-US). 2023-10-24. https://www.forbes.com/advisor/au/investing/cryptocurrency/crypto-news-australia/. 
  16. ↑ "Aussie Crypto Exchange 'Independent Reserve' Expands to Singapore | Finance Magnates" (in en). 2020-01-24. https://www.financemagnates.com/cryptocurrency/news/aussie-crypto-exchange-independent-reserve-expands-to-singapore/. 
  17. ↑ Ruehl, Mercedes (2021-08-03). "Singapore to grant first crypto licence in bid to lure digital asset groups". Financial Times. https://www.ft.com/content/4b8aba07-6035-4bdb-a6bb-cb64624d0ac6. 
  18. ↑ Staff Reporter (2021-10-01). "Independent Reserve gets crypto licence from MAS" (in en). https://sbr.com.sg/financial-services/news/independent-reserve-gets-crypto-licence-mas. 
  19. ↑ Correspondent, Joyce LimSenior (2021-10-01). "MAS grants crypto licences to DBS unit and Australian exchange; more licences expected to be issued" (in en). The Straits Times. ISSN 0585-3923. https://www.straitstimes.com/business/banking/mas-grants-crypto-licences-to-dbs-and-australian-exchange-more-licences-expected-to. 
  20. ↑ Swan, David (22 November 2022). "FTX’s local users to lose ‘very significant’ sums". https://www.theaustralian.com.au/business/technology/ftx-collapse-australians-lose-very-significant-sums/news-story/09c7267616cec7229d8bbb14e47f1529?amp&nk=831f8fc8efff35bd4e1699746eb76c8c-1697640612. 
  21. ↑ Badman, Rob (2021-12-06). "'Go the Bloods'… Independent Reserve crypto exchange teams up with Sydney Swans" (in en-US). https://stockhead.com.au/cryptocurrency/go-the-bloods-independent-reserve-crypto-exchange-teams-up-with-sydney-swans/. 
  22. ↑ "Crypto exchange buys Bitcoin.com.au brand for $3m" (in en). 2023-03-22. https://www.afr.com/technology/crypto-exchange-buys-bitcoin-com-au-brand-for-3m-20230322-p5cucv. 
  23. ↑ Badman, Rob (24 August 2023). "Money will become digital’: Independent Reserve integrates PayPal payments". https://www.heraldsun.com.au/business/stockhead/money-will-become-digital-independent-reserve-integrates-paypal-payments/news-story/3266d1e9819a6736b245f42e9b09d24c. 
  24. ↑ "PayPal is shifting Aussie dollars onto crypto exchanges" (in en). 2023-08-23. https://www.afr.com/companies/financial-services/paypal-is-shifting-aussie-dollars-onto-crypto-exchanges-20230822-p5dyhy. 

External links



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