The founder of cryptocurrency exchange Volexbit, opens a branch in Australia. Details on the launch of the new Volexbit Australia site.
The cryptocurrency exchange came to the continent through the acquisition of an Australian company licensed by the local regulator AFSL.
The CEO plans to double the staff of Volexbit Australia, launch a full line of crypto derivatives from options to futures to tokenized stock market shares. The Australian regulator will have no complaints about this because the parent company is licensed by the U.S. Commodity Futures Commission (CFTC).
The emergence of Volexbit will create problems for local companies, which are not ready to compete with such a developed product line. The cryptocurrency exchange will offer customers access to cryptocurrency-enabled bank cards, NFT marketplace, staking and shares in a single account format.