There is a wide array of players in the Australian crypto market. DeFi platforms such as Synthetix and AmberApp take the market towards decentralized finance. Mycelium.xyz and MetaKey are creating their very own breed in digital wallets. Other players, such as Proptix and Raini Studios, are into blockchain solutions and NFT development, consecutively. Then there are FrankieOne, who has solved the challenge of user experience, and BlockToken and Payscript, payment processors.
Other established players, such as ANZ and Westpac, also join the crypto space, while innovative startups or companies like Red Belly Blockchain, Bron.Tech, and ScalaMed leverage this. Furthermore, Block8, Chronobank.io, Horizonstate, and Verdictum contribute to the development of the total Australian crypto ecosystem.
This is what forms a very interesting blend of older players, young and innovative disruptors, and companies that focus on specific niche areas, hence fostering a dynamic developing market that is bound to grow.