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Crypto exchange Independent Reserve goes postal with beach suburbs ad blitz

It's no small irony that a digital assets exchange is using a very traditional form of advertising to reach property rich Australian consumers.

Owners of Sydney waterfront property are being marketed crypto. AAP/Joel Carrett.

Cryptocurrency exchange Independent Reserve has been busy letterbox dropping houses in Sydney’s affluent Eastern Suburbs just as Bitcoin touches new record highs above USD120,000 ($180,000).

It's no small irony that a digital assets exchange is marketing its wares via paper pamphlets and the traditional advertising campaign may suggest the bull market for crypto is entering a new phase and pushing the asset class back into the mainstream.

“Looking to invest between $50,000 and $50 million? Experience premium white-glove service for your large trades,” one of the company's glossy brochures, viewed by Capital Brief reads.

The marketing material encourages residents to scan a QR code and set up a call with one of the company's relationship managers. It lays out the ability to invest via a self-managed super fund, company or trust account, and suggests the crypto firm is targeting an older, wealthier demographic.