Share this article
Australian Bitcoin Exchange Raises $815k in Series A Funding
An Australian bitcoin exchange has reportedly raised $815k in Series A funding.
By Wolfie Zhao
Updated Sep 13, 2021, 6:45 a.m. Published Jul 25, 2017, 4:00 p.m.
An Australian bitcoin exchange has reportedly raised $815,000 in Series A funding.
According to Business Insider, the Melbourne-based Bitcoin.com.au received the funds from Alium Cpital and Dominet Venture Partners. The new funding will be used to expand the startup's overseas operations in the UK and Canada. Founder and chief executive Rupert Hackett told the publication that the funding would also fuel the integration of other cryptocurrencies, including ethereum and XRP.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Bitcoin.com.au offers both online and physical bitcoin exchange services in Australia, in partnership with domestic retailers financial firms. The report suggests that the final raise amount was higher than originally planned, as the startup had intended to raise $500k to support its efforts.
In statements, Alium Capital partner Rajeev Gupta suggested that the investment would help his firm gain further exposure to the burgeoning cryptocurrency space.
"We believe Rupert and the team at Bitcoin.com.au provide a platform that is a pure play 21st century asset class for digital cryptocurrencies in Australia," he said.
The new funding follows moves by Australian regulators to improve conditions for startups working with digital currencies, especially a decision earlier this year to finally remove a much-maligned "double tax" on bitcoin purchases.
As reported earlier this year, the Australian Treasury has eliminated a goods-and-services tax on bitcoin purchases, an act that the Australian government noted will foster digital currency business development in the country.
Exchange graph image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Japan’s Higher Rates Puts Bitcoin in the Crosshairs of a Yen Carry Unwind
A stronger yen typically coincides with de-risking across macro portfolios, and that dynamic could tighten liquidity conditions that recently helped bitcoin rebound from November’s lows.
What to know:
- The Bank of Japan is expected to raise interest rates to 0.75% at its December meeting, the highest since 1995, affecting global markets including cryptocurrencies.
- A stronger yen could lead to de-risking in macro portfolios, impacting liquidity conditions that have supported bitcoin's recent recovery.
- Governor Kazuo Ueda indicated a high probability of a rate hike, with officials prepared for further tightening if their economic outlook supports it.
Top Stories
