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Nauticus, an Australian bitcoin trading company, thinks that cryptocurrence trading should not be more hard to order a pizza.
The regional financial publication Stockhead reports that the Melbourne-based exchange operator – which raised nearly $ 17 million through an initial offer of coins (ICO) – has ambitious plans for its flat grass shape.
In addition to its exchange of bitcoins – which according to it will support 300 cryptocurrencies and 16 fiduciary currencies from here five years – Nauticus plans to build a complete electronic commerce and payments platform, as well as 39, a "blockchain green mining center". "From here 2022, hope to be equipped to perform" verification of the overall knowledge of your client (KYC). "
This is a big order even for a company started with a $ 17 million ICO. However, the Binance cryptocurrency exchange has gone from ICO to the world's largest stock exchange in less than a year, and the startup recorded by AUSTRAC hopes that it can accomplish a similar feat. by targeting investors who find an overwhelming conventional order backlog.
In some countries, retail investors already have access to simplified cryptocurrency trading interfaces.
US investors, for example, have long had access to the coinbase-friendly cryptocurrency brokerage platform, and other fintech start-ups have recently begun to be interested in sharing market of the company.
Earlier this year, Square's Cash app launched a commission-free bitcoin trading on its user base, and the company reports that it has netted about $ 200,000 in net revenue this transaction in the first quarter.
Stock Trading Application Robinhood began deploying a cryptocurrency trading interface shortly thereafter, and the company released this feature on a state-by-state basis as it acquires the applicable local licenses for operate as a money transfer business. ]
Circle – which has long operated one of the most profitable institutional bitcoin trading desks – has recently unveiled a proprietary cryptocurrency placement application that currently supports six currencies, the latest of which is monero.
However, investors in other regions often have far fewer options, offering companies like Nauticus the opportunity to build a dedicated user base before the heavyweights extend their operations abroad.
In Australia, Nauticus will face Coinbase, who has already settled in the country, but his local interest center could give him an advantage over the San Francisco-based firm.
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