Australian crypto exchange Coinjar is venturing into the US market, undeterred by potential regulatory hurdles.
Australian Crypto Exchange Coinjar Initiates US Expansion
Australian crypto exchange Coinjar is venturing into the US market, undeterred by potential regulatory hurdles. Capitalizing on its achievements in Australia and the United Kingdom, the exchange seeks to make its platform available to American clients. The Melbourne-based exchange has been diligently working to satisfy regulatory requirements and obtain the necessary licenses to operate stateside.
Founded in 2013, Coinjar’s bold move into the US coincides with the nation's ambiguous regulatory environment surrounding digital assets. Of late, several SEC enforcement has hit crypto exchanges like Bittrex, Kraken, Coinbase and more. Coinbase recently responded by suing the SEC in a federal court.
Despite these challenges, the exchange remains confident that its robust compliance measures and dedication to customer service will enable it to thrive in the competitive US landscape. In response to the regulatory hurdles, Coinjar CEO and co-founder Asher Tan said:
“Where other exchanges see regulatory risk, we see opportunity.”
So far, Coinjar has listed one open role for an Anti-Money Laundering (AML) compliance officer in the US.
