# Bitcoin.com.au

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/bitcoin-com-au

- Industry: Financial Services
- Headquarters: Melbourne, Australia
- Website: www.bitcoin.com.au
- Total disclosed funding: $0.8M
- Latest round: Series A (Jun 28, 2017)
- Investors on record: 6

## About

Bitcoin.com.au is an Australian Bitcoin and cryptocurrency exchange that facilitates buying, selling, and storing a wide range of digital currencies with a user-friendly platform for both individuals and businesses.Founded in 2016 and headquartered in Melbourne, Australia, Bitcoin.com.au operates as a cryptocurrency exchange offering buying, selling, and storage solutions for digital currencies. The company was acquired in March 2023 for USD 3 million by Independent Reserve Pty. Ltd. from Alium Capital Management, Dominet Digital, and KuCoin. The exchange has completed a total of 5 deals since its inception and it has positioned itself firmly in the Australian market, catering to hundreds of thousands of clients.Bitcoin.com.au provides a comprehensive suite of services as an Australian Bitcoin and cryptocurrency exchange. Its core offering allows users to buy and manage a variety of digital currencies easily via a desktop and mobile-friendly platform. The exchange supports multiple payment options such as PayID, Electronic Funds Transfer (EFT), credit and debit cards, and PayPal, serving both individual and business customers in Australia. Additionally, it offers an over-the-counter (OTC) desk for larger trades above USD 50,000, ensuring liquidity and minimal price disruption.The revenue for Bitcoin.com.au is primarily generated through transaction fees from cryptocurrency trading activities. Fees are applied on trades, varying by payment method and volume. Clients making high-value trades through the OTC desk receive tailored services, including competitive pricing. The exchange also profits from its cryptocurrency wallet services, ensuring the secure storage and easy access of user assets, thus aligning its business model with direct-to-consumer transactions.Following the acquisition in March 2023, Bitcoin.com.au plans to utilize the USD 3 million from the transaction to expand its business reach. There are no specific product launches or geographic expansions disclosed; however, the focus will likely include strengthening its presence within the Australian market. The acquisition is expected to enhance its operational capabilities and facilitate growth initiatives in the cryptocurrency space.

## Funding rounds

- Series A, Jun 28, 2017, $0.8M — Dominet Digital, Gleneagle Asset Management, Alium Capital Management, Veb Pty Ltd, Blackhawk Ventures Pty Ltd, Asenna Wealth Solutions Pty Ltd

## Investors

- Dominet Digital — Series A
- Gleneagle Asset Management — Series A
- Alium Capital Management (https://capitalatlas.ai/funds/alium-capital-management) — Series A
- Veb Pty Ltd — Series A
- Blackhawk Ventures Pty Ltd — Series A
- Asenna Wealth Solutions Pty Ltd — Series A