CoinTree and CoinLoft, two of Australia’s leading bitcoin exchanges have announced new services which will enable users to purchase ether and other varieties of altcoins.
As on 13 June, CoinTree users will now be able to swap bitcoin for a variety of popular altcoins including ether, litecoin and DAO tokens. CoinLoft users making deposits will now have the option of purchasing ether or bitcoin.
Alongside with established services that have primarily focused on making bitcoin accessible to the general public, the bitcoin exchanges have now streamlined the process of acquiring ether.
According to CoinLoft blog, David Temple co-founder of CoinLoft said, “Ethereum is an exciting project with great potential in the area of smart contracts. ETH has been getting a lot of attention in recent months and we are proud to offer our customers this option. ETH can be purchased using both cash deposit and Flexepin vouchers.”
The move comes as welcome news for Australians interested in exploring altcoins and ushers in a new level of access to ether. Early this year, CoinTree announced a feature that provides its users with an option to set up a recurring bitcoin purchase.
Talking about the announcement of this new service, CoinTree Co-founder Shane Stevenson said, “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.’’
The announcement of this new feature shows that both bitcoin exchanges are primed to capitalize on a growing interest in altcoins within Australia. There is a massive uptake in support and a corresponding price rise of Ethereum’s smart contract technology in past 3 months and the trend is expected to continue.
