Melbourne-based Brighton Peak has launched its bitcoin exchange in Australia as the mainstream appeal for the cryptocurrency gains steam. With this, Brighton Peak will join Independent Reserve and btcmarkets in the list of bitcoin exchanges in Australia.
Managing Director of Brighton Peak Suryanata Wongtomo commented:
“Australia has a vibrant digital currency community and we feel it’s the perfect market in which to launch a user-oriented exchange.”
A member of The Australian Digital Currency Commerce Association (ADCCA), Brighton Peak has been offering professional bitcoin consulting services to business customers. It has introduced the exchange as its flagship product in the wake of phenomenal growth in bitcoin trading. We have discussed the same and several other indicators which may contribute to further growth in Bitcoin shows no signs of stopping in 2016.
The Company is AML-compliant and charges a trading fee based on a customer’s 30-day AUD volume. See the infographic below for the breakdown:
The Australian startup has roped in the US-based AlphaPoint to handle the back-end operations. Joe Ventura, CEO of AlphaPoint said,
“We’re excited Brighton Peak has selected us to provide and maintain their tech backbone. By leveraging strategic access to global trading activity, Brighton Peak’s exchange will be able to offer Australian traders and businesses competitive exchange rates and deep, persistent order flows.”
In order to offer smooth, secure and quick flow of bitcoin trades, AlphaPoint’s infrastructure will support nearly 1 million transactions per second. To ensure abundant liquidity at all times, Brighton Peak is connected with leading digital currency exchanges.
The competition is heating up in the Australian bitcoin space as new entrants seek to profit from the growth in bitcoin trading volume. The customers will also have the option of selecting the best exchange which offers them the peace of mind in terms of security of assets and funds, and also which is easy on the pocket.