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Buy Ondo (ONDO)

ONDO

24H Change
24H Volume
Global Rank
#41
Market Cap

Ondo Price

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About Ondo (ONDO)

Ondo is a blockchain project that stands at the intersection of decentralized finance (DeFi) and traditional financial products. The network targets popular assets – like exchange-traded funds (ETFs) and bonds – and brings them on-chain. This allows DeFi users to access TradFi instruments while leveraging the efficiency and speed of the blockchain.

Ondo users can trade tokenised versions of popular funds and securities on the platform’s exchange. One example of Ondo’s on-chain assets is USDY, an asset backed by short-term US Treasuries. Ecosystem assets can also generate yield through the lending platform Flux Finance.

Other popular tokenised assets include OUSG, which invests in BlackRock’s on-chain fund (BUIDL). Another example is OMMF, a blockchain-based host for US Government money market funds.

Ondo’s native token, ONDO, acts as a governance token within the blockchain’s DAO, allowing holders to dictate the future direction of Ondo and its ecosystem. 

How to Buy Ondo (ONDO) in Australia

  1. Signup for free
  2. Verify your account
  3. Deposit AUD instantly
  4. Buy ONDO

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Ondo FAQs

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How do I buy Ondo in Australia?

You can buy Ondo (ONDO) on the Swyftx Crypto Exchange in Australia. First, you’ll need to sign up by providing your name, email address and phone number. To activate your account, verify your email address, phone number and identity. This step can usually be completed in a few minutes.

Once your account has been verified, you can deposit funds into your account via one of the following payment methods: bank transfer (or Osko), PayID, debit card or cryptocurrency. Deposit times may vary depending on which option you choose, however, most deposits are received instantly. Once the deposit is received, you can begin buying ONDO.

Who is behind Ondo Finance?

Ondo Finance was founded in 2022 by Nathan Allman, who previously worked with the digital assets team at Goldman Sachs. Allman, combined with other executives with experience at Facebook and Microsoft, created Ondo to bridge the gap between DeFi and TradFi.

How does Ondo work?

Ondo Finance offers several services but is largely dedicated to offering TradFi products that leverage the benefits of the blockchain. Primarily, users can access high-yielding cash assets backed by crypto tokens or US Treasuries, depending on risk appetite. The team has also tokenised several high-profile funds, including making BlackRock’s BUIDL more accessible to investors.

Where can I store Ondo?

When you buy ONDO on our trading platform, it will be automatically stored in your account’s integrated crypto wallet. A crypto wallet is required for sending, receiving and storing your digital assets. If you would like to withdraw your assets and send them to an external wallet like a hardware wallet, you can do so via the withdraw tab in your Swyftx trading app.

Where is the best place to buy Ondo?

The best place to buy Ondo is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Ondo and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be one of Australia's highest-rated crypto exchanges as per our TrustPilot reviews.

How is the price of Ondo determined?

The price of Ondo is determined by the forces of supply and demand in the market. Similar to other assets, the price of Ondo is determined by the number of buyers and sellers in the market at any given time.

Some significant factors that can influence the demand for Ondo are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.

Can I buy Ondo with credit card?

Swyftx does not allow you to directly buy Ondo with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy Ondo instantly.

Top Traded Assets on Swyftx

By number of orders

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Period: Last 24 hours (AUD)

ONDO Buys and Sells

By number of orders

76% Buy
76%
Buys
24%
Sells

Period: Last 24 hours

This should not be used to make investment decisions.

Disclaimer: The information is for general information purposes only and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to, buy or sell any assets. It has been prepared without regard to any particular investment objectives or financial situation and does not purport to cover any legal or regulatory requirements. Customers are encouraged to do their own independent research and seek professional advice. Swyftx makes no representation and assumes no liability as to the accuracy or completeness of the content. Any references to past performance are not, and should not be taken as a reliable indicator of future results. Make sure you understand the risks involved in trading before committing any capital. Never risk more than you are prepared to lose. Consider our Terms of Use and Risk Disclosure Statement for more.