Launched in 2016, ACX is an Australian cryptocurrency exchange owned by the Hong Kong-based company Peak HK Limited. Headquartered in Victoria, the exchange facilitates the purchase of Bitcoin and other cryptocurrencies, accepting deposits and withdrawals in Australian Dollars. ACX also offer Over the Counter (OTC) trading for those wishing to make transactions over the value of $50,000 (AUD).
Although the exchange is not regulated, it claims to undergo periodic financial audits by a third party auditing company to ensure transparency. The exchange is not anonymous and has strict Know Your Customer (KYC) rules and requirements. ACX holds 95% of its digital assets in a proprietary, cold storage system with 2FA implementation.
ACX has little competition on the Australian market and in 2017 acquired the users of DigitalX Direct, a blockchain payment solutions company that started as a Bitcoin mining and exchange platform. DigitalX agreed to stop its mining and exchange operations in return for 50% of the revenue earned from its previous customers over a five-year term.
There is no information in the public domain about the founders of ACX or it’s parent company Peak HK Limited.Read More