Independent Reserve was founded in June 2013[6][7] by Adrian Przelozny and Adam Tepper.[citation needed] It started operating in October 2014.[8] In February 2015, Adam passed away in a motorcycle accident[9] and Adrian Przelozny took over as CEO.[10][11] In 2018, Mike Tilley along with KTM Ventures invested into Independent Reserve for 25 percent of the company.[12][13][14]
In March 2018, the OTC desk was launched.[15] In February 2019, Independent Reserve was the first Australian digital asset exchange to offer insurance on cryptocurrency assets.[16] In January 2020, Independent Reserve announced its expansion into
Singapore, citing regulatory conditions.[17] In August 2021, the platform secured an approval from the
Monetary Authority of Singapore that will allow it to offer digital payment token services.[18][19][20][21]
In December 2021, Independent Reserve partnered with the
Sydney Swans team and signed a one-year arrangement as the “Official Cryptocurrency Exchange of the Sydney Swans”.[22]
In March 2023, Independent Reserve acquired a cryptocurrency exchange brand
Bitcoin.com.au in a deal worth $3 million.[23] In August 2023, Independent Reserve signed a partnership with
PayPal,[24] to enable users to send Australian dollars using a credit card or their PayPal account.[25]