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In a big week for Brisbane-based cryptocurrency companies, exchange Coinstash has announced the successful completion of a $4.7 million Series A funding round as it aims to triple its investor base with another 100,000 Australian users.
Led by a Brisbane-based family office, the latest round takes the company's total capital raised to more than $8 million since it was founded in 2017, with the proceeds designated for continued platform development, team expansion and user acquisition.
The news comes after another Brisbane group Swyftx announced the acquisition of Melbourne-headquartered exchange Caleb & Brown in a deal understood to be worth more than $100 million.
It was also revealed by Bloomberg this week that US President Donald Trump's family has seen its crypto holdings rise US$620 million ($943 million) in the last few months, including from his TRUMP memecoins.
The US leader's personal gains from the asset class have increased its appeal in 2025, with Coinstash noting a maturing of institutional appetite and market structures around crypto.
The company highlights recent initial public offering (IPO) interest in major global exchanges and companies such as Circle as underscoring a shift from early-stage speculation to full-scale financial infrastructure - a trend now playing out in Australia.
"This raise comes at a time when investor confidence in digital assets is accelerating, as seen in the growing pipeline of crypto companies preparing for public listings globally," says Coinstash CEO and co-founder Ting Wang.
"Locally, we’re seeing that same momentum as Australian investors increasingly seek secure, long-term access to digital assets as part of diversified portfolios. This funding allows us to scale the platform to meet that growing demand, while maintaining our core focus on security, compliance and innovation.
"We’re building not just for the retail investor of today, but for the future of digital finance in Australia. Crypto is maturing as an asset class, and the future will demand local players have the same scale, governance and transparency expected of companies operating in public markets."
Coinstash currently serves more than 50,000 users and offers access to Australia’s largest range of digital assets, including Bitcoin, Ethereum and more than 1,000 cryptocurrencies. The company has invested heavily in compliance and security, including 1:1 asset reserves, as the Australian crypto sector adapts to a tightening regulatory landscape.
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