Bottoms up - it’s CoinJar’s 8th Birthday!
We’ve been in the game longer than most - we’re arguably considered a dinosaur by crypto standards - so we’d like to take a look back on CoinJar’s history and how far the overall cryptocurrency industry has come.
Eight years ago, you could buy a singular bitcoin for just over $100 a pop. A $1000 investment in bitcoin back in 2013 would be worth over half a million Australian dollars today - assuming you had the diamond hands to HODL, of course (past performance is not a reliable guide to the future). Bitcoin was born out of the 2008 financial crisis as a way to circumvent the banking infrastructure as a universal currency - since then, it has evolved from an alternative currency to a store of value and hedge against inflation. Bitcoin paved the way for Ethereum and other blockchains, leading to the birth of dApps, decentralised financial exchanges, DeFi, myriad cryptocurrencies and NFTs.
That’s not to say the path forward in cryptocurrency hasn’t been tumultuous - the industry has seen its fair share of rallies and crashes. But the dream of a democratised, accessible financial system has only gained momentum. In the last year alone, we’ve seen institutions, corporations and hedge funds buy into this dream; we’ve witnessed Bitcoin and Ethereum developed rapidly, and we’ve seen the masses exercise their trading power with the likes of Dogecoin. At CoinJar, we’re incredibly proud to have played a small part in the evolution of crypto, with our exchange connecting over 500k users with a wide range of blockchains and tokens.
The story of crypto and CoinJar doesn’t end here. We’re excited to see what the next eight years bring. In the near future we’re launching a cryptocurrency debit card and rolling out more features to make crypto even better.
If you’d like to register your interest for the CoinJar Card in Australia please fill out this form - alternatively, for the UK register here.
Happy Trading (and Happy Birthday to us!)
CoinJar Team
CoinJar Australia Pty Ltd ACN 648 570 807 is a registered Virtual Asset Service Provider (VASP) with the Australian Transaction Reports and Analysis Centre (AUSTRAC) in accordance with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth).
This material is general information only and does not consider your objectives, financial situation or needs. You should consider the Product Disclosure Statement and Target Market Determination (TMD) relating to the CoinJar Card product before making any decision. The CoinJar Card is a prepaid, reloadable Mastercard issued by EML Payment Solutions Limited ABN 30 131 436 532 AFSL 404131 (EML). CoinJar Australia Pty Ltd ABN 75 648 570 807 (Authorised Representative Number 1290193) is involved in the promotion and distribution of the Card and is a Corporate Authorised Representative of EML. Please consider the Financial Services Guide.
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