Global trading platform Pepperstone has selected Australia as the launch market for its proprietary new spot cryptocurrency exchange, with the explicit aim of triggering a price reset that both exposes and reduces the true cost of crypto trading for Australians.
It chose Australia to launch Pepperstone Crypto Spot Exchange from the 160 countries in which it processes around US$6 billion in monthly crypto CFDs, after identifying several critical market characteristics.
Opaque pricing and limited competition
Pepperstone analysis showed the Australian market is characterised by opaque pricing and limited fee competition, with total trading costs materially higher than advertised fees once spreads are…
