The startup operates a cryptocurrency exchange that utilizes blockchain protocols to facilitate secure and transparent trading. By enabling buyers and sellers to advertise their intentions and find matching counterparties, the platform addresses the need for a safe and efficient mechanism for cryptocurrency transactions.
Funding
$250K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many cryptocurrency exchanges lack flexible custody options, forcing users to choose between complete self-custody, which can be complex and risky, or fully entrusting their assets to the exchange. This creates a need for solutions that balance security, control, and ease of use for both novice and experienced investors.
Solution
Elbaite is an AUSTRAC-registered Australian cryptocurrency exchange that provides secure and transparent trading with flexible custody solutions. The platform offers a self-custody marketplace, enabling users to trade directly from their own wallets, as well as secure Crypto Vaults for users seeking a custodial storage solution. Elbaite's Crypto Vaults utilize segregated, on-chain wallets, ensuring that user funds are never commingled and remain verifiable. The exchange also supports fast AUD deposits and withdrawals via PayID and bank transfer, and integrates with TradingView for real-time price tracking and advanced charting.
Target Audience
Elbaite primarily targets Australian individuals, SMSFs, and institutional investors seeking a secure and user-friendly platform for buying, selling, and storing cryptocurrencies with flexible custody options.
Features
- Self-custody marketplace for direct wallet-to-wallet trading
- Crypto Vaults with segregated, on-chain wallets for secure custodial storage
- Quick Buy & Sell interface for fast AUD trading
- OTC & VIP brokerage services for high-volume traders
- Integration with AUDD, an Australian dollar-backed stablecoin
- Real-time price tracking and TradingView charting tools
- Fast AUD deposits and withdrawals via PayID and bank transfer
- Multi-factor authentication for enhanced account security
- Comprehensive learning resources and customer support