Crypto company Wirex has received a digital currency exchange registration in Australia, entering another prospective market as a regulated entity.
Wirex, UK-based fintech company that integrates fiat and cryptocurrencies, has been officially registered as a digital currency exchange provider in Australia.
This milestone allows the firm to offer secure and seamless crypto exchange services to Australian users. The company’s local registration gives its customers in Australia more security while accessing crypto trading and payment services, as Wirex complies with the national regulations designed to prevent financial crimes like fraud and money laundering. This way, Wirex Australian users can trade and manage digital assets with confidence, knowing their transactions are protected by top-tier security standards.
Besides, proper registration paves the way for expanding Wirex’s services in Australia. Before securing the fficial registration as a digital currency exchange provider, Wirex has been available to Australian users through its crypto payment and wallet services. Today, the crypto company may enhance its offerings for the local market and provide more options for Australian customers, including smoother and faster ways to switch between digital currencies and traditional money, more sophisticated trading options or additional financial services. Potentially, the company may introduce savings, lending, or merchant solutions tailored for the Australian market as well.
Wirex is a cryptocurrency-focused payments app that lets users buy, store, and spend both digital and traditional money. The app lets you switch between different currencies, send money to other Wirex users, and use a Wirex debit card to pay for goods with either crypto or regular cash. It provides rewards and cashback for using its services, along with access to exclusive content and events related to cryptocurrency. Additionally, Wirex offers savings accounts and crypto loan services. The company has over 3 million users worldwide.
As one of the pioneer crypto payment providers, in 2015, Wirex introduced the world’s first contactless payment card enabling seamless spending of both crypto and traditional currencies in everyday transactions. In 2023, the company extended its partnership with Visa to expand their crypto-linked visa debit card services to a global market.
