ACY introduces account funding with cryptocurrencies

October 04, 2021 - Technology-focused multi-asset CFD broker ACY Securities has announced that clients will now have the option to fund their trading accounts with digital currencies.

The Sydney based multi-licensed broker released a statement saying that traders can now deposit and fund their account with cryptocurrencies, namely Bitcoin, Ethereum and Tether. Funding via Tether was also activated across the Omni, ERC20 and TRC20 chain types, one of the first brokers to do so.

Head of Global Brokerage, Alla Darwish, said that ACY Securities invested heavily in technology and innovation and that was the underlying reason why the broker is leading the way in an evolving industry, “It gives me great pleasure to announce today that we have put in place the backend infrastructure within our payment systems ecosystem that will allow our clients around the world (excluding Australia) to fund their accounts with either Bitcoin, Ethereum and Tether should they wish to do so. The industry is evolving and we’re leading the way”.

“At ACY we are very big on technology and innovation. We invest substantially in our infrastructure as well as R&D to make sure we can continue to deliver an edge to our clients well into 2050. In fact, we have over 90 highly qualified, super passionate, and ridiculously talented staff at our Sydney headquarters alone, and half of them are in tech, development and innovation-based positions. It’s why ACY is sometimes referred to as half Wall Street and half Silicon Valley. We really are leading the charge on the tech front and our operational structure reflects that”.

In 2019, ACY Securities launched ACY.Cloud, an industry-leading client management portal that the company built themselves. In the same year, Senator Andrew Bragg, the Liberal Senator for NSW in the Australian parliament, who chairs a Senate Select Inquiry into FinTech, declared at an ACY gala event that “We believe Australian technology companies like ACY know how to win”.