Coinjar set sights on US expansion

The company’s chief executive is confident it will overcome any regulatory concerns currently rife in the US.

Australian crypto exchange Coinjar plans to expand into the US regardless of the country's recent regulatory hurdles.

Following its success in both Australia and the UK, where it has around 500,000 customers across both countries, the Melbourne-based exchange now plans to launch its platform toward American clientele.

Since launching in 2013 and securing a license to operate in the UK in September 2021, Coinjar has celebrated its tenth anniversary as a platform focusing on buying and selling cryptocurrencies.

However, regardless of past successes, the firm could be seen as ambitious in its plans to move into the US during the nation's uncertainty surrounding digital asset regulation.

Recently, the ​​US Securities and Exchange Commission (SEC) targeted several crypto exchanges such as Kraken, Bittrex and Coinbase.

Coinbase reportedly sued the regulator after it failed to answer a petition made in 2022.

Despite such challenges, Coinjar continues to push its company expansion and is currently working on the requirements needed to legally operate stateside.

Coinjar chief executive Asher Tan is confident in the firm’s compliance measures and dedication to customer service and believes it will flourish in the US. “Where other exchanges see regulatory risk, we see opportunity”, he said.

Looking for your next crypto casino? Check out: Mega Dice or FortuneJack

Written by Isabella Aslam

Reporter

Isabella is an experienced writer in B2B and B2C journalism. Alongside crypto, Isabella writes and discusses the topics of relationships and psychology. Isabella holds a first-class degree in music journalism and often interviews electronic artists and DJs.

Similar News