Independent Reserve has become the first ever cryptocurrency exchange to make the annual Fast Starters List, published by the Australian Financial Review.
The prestigious list recognises the 100 fastest growing startup businesses in Australia, based on revenue.
Coming in at 17th position, Independent Reserve, recorded a total revenue of $9.67 million for the 2017-18 financial year.
To be among the 2018 Faster Starters entrants must have commenced trading on or after 1 July 2014.
Businesses not publicly listed are required to have independent auditors verify their revenue claims.
Adrian Przelozny, CEO and founder of Independent Reserve, said the announcement is an important endorsement of the company’s growth trajectory and vision.
“It is Independent Reserve’s vision to educate retail and institutional investors about cryptocurrencies but to also grow a sustainable business in a young and thriving industry,” he said.
“Being recognised in the Australian Financial Review’s Fast Starters List for 2018 validates all the hard work and passion we have put in to create a trusted and regulated trading platform for cryptocurrencies in Australia.
“We are committed to building on this momentum to help drive further growth and reach greater heights in the years to come. Our success is made possible by the dedication to our customers and we will continue to deliver clients the best trading experience in Australia.”
Founded in 2013, Independent Reserve has built a proprietary, institutional grade trading platform to allow Australians to buy, sell and invest in Bitcoin (XBT), Ethereum (ETH), Litecoin (LTC), Ripple (XRP) and other digital currencies.
It currently has over 100,000 customers across Australia and New Zealand, and services around 8,000 self-managed super funds (SMSFs).
To see the Australian Financial Review’s full list of 2018 Fast Starters, click here.