According to the Australian bitcoin exchange startup Nauticus, trading cryptocurrencies should be very simple in the future – as simple as ordering a pizza online. The news comes from the regional financial publication Stockhead which reported that the Melbourne-based exchange has ambitious plans for its budding platform.
Nauticus has already raised around $17 million through their initial coin offering (ICO) and is planning to support 300 cryptocurrencies and 16 fiat currencies within the next five years. The company is also trying to build out a full-featured eCommerce and payments platform and a “green blockchain mining center” by 2022.
Even though many people think that this is ‘too brave’ for a startup, the same was the situation with cryptocurrency exchange Binance which went from ICO to the world’s largest exchange in less than a year. The Aussie startup hopes it can accomplish a similar feat by targeting investors.
There are many successful examples of startups that are now pioneering the crypto space. From Robinhood which began rolling out a cryptocurrency trading app to Circle which is one of the most profitable institutional Bitcoin trading desks, Nauticus can be another one in the list of success stories.
In Australia, the main battle for Nauticus will be the one with Coinbase which has already set up a shop in the country. However, the former’s local focus could provide it with a special edge on the San Francisco based firm.
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