A new bitcoin exchange has launched in Perth, the largest city and capital of Western Australia, a rural state with roughly one inhabitant per square kilometer.
Called Digital World Ventures (DWV), the bitcoin-only exchange will aim to target consumers across the country who want trade between the Australian dollar (AUD) and bitcoin by leveraging exchange software provider AlphaPoint.
DWV director James Clarke and co-founder Ian Davies suggested that despite his company’s location, he believes it has much offer a market he characterized as lacking a strong approach to customer service or technology.
Davies told CoinDesk:
“We’ve got a lot of people coming into the exchange space that either have a heavy technical focus or we’ve got the finance guys coming in and running exchanges. Because we’ve experienced both sides, we’re able to bring that together.”
Davies previously worked as a support technician for IBM and boasts experience running service desks, while Clarke was formerly as a systems analyst for Barclays Bank.
Trading fees will start at 0.70% on BTC trades of $AUD500 or less, a figure that decreases to as low as 0.08% on trades of $AUD200,000 or more. The exchange will also charge goods and