Pepperstone is set to enter the Crypto market with a new spot Crypto exchange, CEO Tamas Szabo announced during a panel discussion at the annual AusCryptoCon in Sydney over the weekend. The launch is pending final regulatory approval, but the firm describes it as “imminent.”

Pepperstone, traditionally known for forex and CFD trading, has been working on this initiative for over a year, investing heavily in infrastructure and talent to support the new platform. Speaking at AusCryptoCon—one of the largest cryptocurrency and blockchain events in the Southern Hemisphere—Szabo highlighted the growing adoption of crypto and the firm’s readiness to enter the exchange space.

Pepperstone Enters Crypto: Australian Spot Exchange Launch 

“There’s huge adoption of crypto,” Szabo said. “Pepperstone is just about to launch this digital exchange in Australia, imminently. It hasn’t been public. We’ve put a year’s worth of investment into it. We’ve hired a lot of staff, ready to go; we’re just waiting for our permissions to come through from the regulator.”

Pepperstone’s move reflects a broader trend of convergence between traditional financial brokers, crypto exchanges, and neobanks. While crypto firms like Kraken—which recently filed for an IPO—and Crypto.com have expanded into CFD-like services and broader trading products, Pepperstone is taking the opposite path by introducing crypto trading alongside its established forex and CFD offerings.

Szabo also acknowledged the competitive landscape, noting opportunities amid the crowded exchange market. “I think there’s a ‘little bit of fat on the bone’ in the exchange space, so I think there’s some competition that might come in,” he said.

The launch positions Pepperstone to capitalize on Australia’s growing interest in digital assets, potentially attracting retail and institutional traders looking for a regulated, broker-led crypto trading environment. With regulatory approval expected soon, the exchange could officially go live in the near term, marking Pepperstone’s significant expansion into the cryptocurrency sector.

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