20 July 2026
Australian Non bank Broker SelfWealth to Offer Crypto Trading
Amid surging crypto demand, SelfWealth- Australian Securities Exchange-listed (ASX) company and one of the largest non-bank online brokers is all set to offer Crypto Trading on its retail platform
According to the Australian Financial Review, the company is in discussions with cryptocurrency exchanges to add functionality for trading the nascent asset class. SelfWealth currently holds $5.9 billion (US$4.4 billion) in the total value of securities.
The online broker's decision to introduce crypto trading was prompted by a recent survey of 3500 of its 95k investors, where 30% of the respondents said they have already invested in cryptocurrencies while 38% intended to do the same in the near future.
Initially, the company plans to add up to 10 cryptos on its platform, including Bitcoin and Ethereum, by year's end, via an integrated third-party wallet. It will also charge a percentage fee for every crypto trade it conducts, as is the case amongst its traditional equities trades.
SelfWealth CEO Cath Whitaker said being able to buy and sell crypto as well as trade local and U.S.-based shares using the ASX's Clearing House Electronic Subregister System, or CHESS, on the same platform would be an "Australian first."
In the U.S., Robinhood already enables customers to trade shares and crypto in one place. "Moving between popular investment types usually requires access to multiple trading platforms and for investors to move money multiple times," said Whitaker.
The ASX seeks to replace its ageing CHESS system with a distributed ledger technology variant to speed up settlement and transactions. Australia has become pro-crypto in recent times and might even beat the U.S. to launch a Bitcoin ETF. Last week the top regulators of the country asked for citizens' input on crypto-centred Exchange-traded products. As Australia follows the U.S. and European regulators in terms of market regulations, it also could carve its path towards crypto regulations.
Disclaimer: The author’s views and opinions are for informational purposes only and do not constitute financial, investment, or other advice.
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