BTCMarkets, founded in 2013 and based in Melbourne, Australia, is a cryptocurrency exchange established by Martin Bajalan. BTCMarkets remains a privately owned exchange and identifies itself as a "Blockchain technology company." The exchange is led by a management team with experience in the IT and financial services sectors. One aspect is that the exchange supports the Australian Dollar (AUD) as a fiat currency and facilitates cash withdrawals to Australia-based bank accounts.