Swyftx Unveils First Regulated Crypto Exchange with Traditional Asset Trading

Australia's Swyftx has become the first cryptocurrency exchange in the country to offer access to traditional assets and cryptocurrencies on one platform.

The company's new leveraged trading product, called Swyftx Leverage, allows eligible Australian retail clients to trade contracts for difference (CFDs) across around 100 cryptocurrencies, commodities, major US indices, and Magnificent 7 stocks.

This marks the first licensed crypto derivatives product introduced by a local cryptocurrency exchange in Australia.

According to Swyftx, customer funds will be held in Australian dollars through segregated client money arrangements with retail client protections.