During the first quarter of 2021, various Australian companies have experienced significant growth, reaching important milestones in adoption, user base, and trading volume.
Australia has emerged as one of the fastest-growing countries when it comes to new financial technologies like cryptocurrencies. Here are some of the top crypto companies that currently achieving important milestones.
Binance Australia
Binance AUS has become the top exchange in the country, recording massive trading volumes and user traffic in the first quarter of 2021. Former CEO Jeff Yew shared great results on Twitter earlier on this year.
The number of SMSF and corporate accounts has grown 400% since last quarter, shortly after trading volumes surpassed $130 million AUD in a single day.
One of the reasons for its success is its support for various AUD deposit methods and educational content. Users can simply deposit AUD using PayID/Osko to set up their account — and as for anyone eager to explore the crypto market, the exchange also offers Binance Masterclass, a series of free online educational videos.
Swyftx
The Australian-based startup has seen tremendous growth since it was launched in 2017 due to its innovative approach to the crypto community and excellent user support.
Swyftx has managed to keep high support standards even under pressure, with thousands of requests per day. This has given the platform high scores and positive reviews on TrustPilot.
Swyftx holds over 60,000 users on its platform. The exchange has introduced infrastructure optimisations to keep up with the increasing user base, which is expected to grow even higher this 2021.
Synthetix
Synthetix (SNX) is an Australian derivatives liquidity protocol that has been experiencing fast growth in the country. It is one of the few DeFi projects that has called the attention of institutional capital, raising $12 million USD from major VC firms, including Coinbase Ventures, Paradigm and IOSG.
As the name suggests, the protocol focuses on synthetic assets —derivate tokens on the blockchain that provide exposure to different real-world assets.
Fantom
Fanton (FTM), an Australian blockchain platform, has witnessed tremendous growth this 2021, even surpassing 3 million transactions, a significant milestone for the protocol.
Fantom takes a user-friendly approach to the crypto community with low fees, cross-chain consensus compatibility, and integrating MetaMask so developers can work with Ethereum dApps.
The protocol has seen tremendous growth as it focuses on solving the scalability issues of existing blockchains. It quickly grew to sit on a $1.3 billion AUD market cap with a token currently priced around $0.53 AUD.
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