Commonwealth of australia's largest digital avails commutation, BTC Markets, has announced it volition be adding 2 new senior additions, Garry Duursma and David Raper, to its advisory board. BTC Markets has 325 chiliad Australian clients, who have traded over AU$17.ane billion (roughly $12.5 billion) on the platform.

BTC Markets CEO Caroline Bowler told Cointelegraph that the appointment of the ii new execs would assistance the platform attain its vision of market expansion.

"We take been looking for some fourth dimension for people to join at that senior informational level," she told Cointelegraph, calculation that the ii appointments are "in lockstep and part of a broader plan for expansion."

Both of the new appointees take worked in traditional finance previously. Duursma worked at Tyro payments for vii years and has besides worked at Mastercard.

Bowler hopes that his background and feel in payment systems will help the exchange see the expectations of its increasingly mainstream client base of operations to move between fiat and crypto seamlessly.

"The reason why we're looking at payments is because nosotros envision a financial services manufacture where customer'southward expectation is to move between the fiat and the crypto seamlessly. We envision a customer base of operations where they come across them all together, rather than distinct," she said.

Raper worked at ASX for 15 years and has as well held positions at J.P. Morgan and SFE Corporation. Bowler told Cointelegraph: "Mr. Raper's feel in the ASX is non but for retail clients — it's also heavily on the institutional side. And for u.s.a., that'south the trend that nosotros're looking to capture."

She also says that the two new execs will be able to help with the evolution of a few upcoming projects that the exchange is "working on in the background," including "payment channels and moving to a third-party custody solution." The exchange also plans to "increment the number of tokens and coins projects as we movement through Q4 into Q1."

"Nosotros've too got longer-term partnership projects that we have started to work on that will really draw on the expertise of Mr. Duursma and Mr. Raper." She was not able to give any additional details about whatsoever upcoming projects at this time.

Related: There'southward a Bitcoin boom among Baby Boomers, reports BTC Markets

The changes come amid increasing regulatory pressure in Commonwealth of australia following the release of Senator Andrew Bragg's written report on Australia every bit a technology center that called for increased oversight in the crypto industry.

Bowler told Cointelegraph that BTC Exchange is "really pleased nearly the potential for regulation," despite the potential challenges it may pose for the platform. She added that Raper and Duursma are both experienced "in dealing with the kind of reporting obligations and various different compliance measures that we're going to need to put in."

"They're and then used to working within a regulated framework that that'south going to be merely essential, peculiarly since nosotros're building a lot of products from the footing up. And so to become that experience baked in will be invaluable," she added.