Australia’s CoinTree, CoinLoft announce Ethereum support

Posted On 15 Jun 2016

Tag: CoinLoft, CoinTree, David Temple, Ethereum, Shane Stevenson

Australian bitcoin exchanges CoinTree and CoinLoft announced Monday new services that provide support for various altcoins, including Ethereum, in a press release sent to CoinReport.

“Ethereum is an exciting project with great potential in the area of smart contracts,” said David Temple, co-founder of CoinLoft. “ETH has been getting a lot of attention in recent months and we are proud to offer our customers this option.”

As of this past Monday, CoinTree users are able to trade bitcoin for ether, litecoin and DAO tokens. CoinLoft users are able to choose between bitcoin or ether when making deposits.

“While we continue to focus our efforts and support on bitcoin, we strive to lower entry barriers for all Australians interested in cryptocurrencies and are excited to announce this simplified service for buying altcoins,” said Shane Stevenson, co-founder of CoinTree.

The latest moves from these exchanges highlight the nation’s increasing interest in cryptocurrencies apart from bitcoin. Ethereum alone has seen a rise in support, with its market cap hovering around $13 million AUD, almost double from where it was two months ago.

Logo courtesy of CoinTree

About the Author

Carlo is a copywriter with experience covering a variety of industries including cryptocurrencies, oilfield drilling and video gaming. In his free time, Carlo enjoys collecting records, getting destroyed at Team Fortress 2 and parosing sites like Reddit, absorbing what the internet has to offer.