Australian cryptocurrency exchange Coinstash has secured significant investment and established a strategic partnership, which may impact its development in the crypto sector.
Coinstash Achieves 300% Growth in Trading Volume
Founded in 2017, Coinstash reported having over 50,000 clients and a total trading volume of AUD 1.3 billion. According to reports, the exchange has achieved a 300% increase in trading volumes from Q4 2023 to Q4 2024.
Partnership with Sydney Roosters to Boost Crypto Accessibility
The partnership with Sydney Roosters aims to enhance access to cryptocurrencies for Australian sports fans. This collaboration may attract more users and increase trading volumes on the platform. Coinstash lists over 1,000 cryptocurrencies, including BTC and ETH.
Coinstash's Strategy Compared to Other Crypto Sponsorships
Coinstash's strategy includes sponsorships, which have already positively impacted other crypto platforms such as FTX. It is expected that this will help the exchange expand its client base and strengthen its market position.
The investments and partnership between Coinstash and Sydney Roosters highlight its commitment to making cryptocurrency more accessible to a wider audience, which could have a positive impact on the market in the future.
