Announcements from competing exchanges or financial news reporting on competitive strategies

Cryptocurrency Exchange Acquires Fintek Securities, Gains Australian Financial Services Licence and Expands Offerings

Nov 18, 2024, 01:05 AM

A cryptocurrency exchange has expanded its offerings by acquiring Fintek Securities in Australia, which provides access to an Australian Financial Services Licence. This acquisition enables the exchange to offer a broader range of financial products, including regulated derivatives, securities, foreign exchange, and investment schemes to eligible users. The move is seen as a strategic effort to enhance its presence in the Australian market and to integrate traditional finance with decentralized finance. This follows the exchange's previous acquisition of Watchdog Capital.