Many of the forex brokers in Australia have in recent years jumped on the crypto bandwagon, dealing with cryptocurrency both as a trading instrument and by accepting it as a payment method for funding trading accounts. It’s worth noting, however, that the cryptos offered for trading are usually in the form of CFDs, which cannot be transferred to other users like one would normally do with cryptocurrencies.
By far the most popular cryptocurrency for trading today is bitcoin (BTC), usually followed by Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). Australian forex brokers typically let traders trade these cryptocurrencies against either the US dollar or the euro. Unfortunately, cryptocurrency trading pairs involving the Australian dollar are still not common among crypto forex brokers in Australia.