Pepperstone, an Australian retail FX and CFDs broker, is preparing to launch a spot crypto exchange in Australia, according to FNG Exclusive. The move would place Pepperstone on the cusp of offering a crypto trading venue alongside its existing CFD and forex services, with regulatory approval still pending. The initiative reportedly has been in development for more than a year and involved substantial investment and staffing.
Szabo, speaking at AusCryptoCon, indicated that Pepperstone will soon launch a spot crypto exchange in Australia, pending final regulatory approval. He noted there has been “huge adoption of crypto,” and that the company has invested for about a year and hired a sizeable staff to support the venture, describing the team as ready to go once permissions are granted. He added that there is an opportunity in the space and suggested that competition could emerge.
Pepperstone’s planned exchange is described as blurring the lines between traditional crypto exchanges, neobanks, neobrokers, and CFDs brokers, signaling a broader trend toward broker-friendly crypto platforms. Pepperstone, a leading Australian retail FX and CFDs broker, is preparing to launch a spot crypto exchange in Australia, according to sources. The move would bring Pepperstone’s crypto trading venue alongside its existing CFD and forex services, with regulatory approval still pending.
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