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Nauticus raise $16.8 million and are set to launch the Exchange within weeks

  • Published December 18, 2018 12:00AM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates
KEY TAKEAWAYS:
  • An Aussie startup has raised more than $16 million dollars to build one of the world’s most multi-functional cryptocurrency exchanges and payment platforms entirely out of Melbourne.
  • The company now has representatives in 30 countries.
  •  The company is registered with the Australian Government’s AUSTRAC as a Digital Currency Exchange and as an Independent Remittance Dealer.
An Aussie startup has raised more than $16 million dollars to build one of the world’s most multi-functional cryptocurrency exchanges and payment platforms entirely out of Melbourne.
The Melbourne based FinTech platform signed up almost half a million users during its successful ICO earlier this year.
The project also attracted attention from some of the biggest business media outlets in the world including three appearances in Forbes, CNBC, Business Insider and SmartCompany
 
The company expanded internationally at rapid speed and now boasts representatives and in almost 30 countries.
 
Nauticus Exchange provides users with a safe harbour in the unregulated ‘Wild West’ crypto world. The company is registered with the Australian Government’s AUSTRAC as a Digital Currency Exchange and as an Independent Remittance Dealer.
 
Nauticus is also a registered representative of an Australian Financial Services Licensee, enabling the company to tokenize shares or assets as Security Tokens – which is widely seen as ‘the next big thing’ in the blockchain space.
 
The company’s six global banking and eCommerce solutions are  built around the house token Nauticus Coin (NTS).
 
Unlike the vast majority of tokens, which are purely speculative, NTS has a use case from day one, providing exchange users a 50 percent reduction in trading fees. It’s modelled on the hugely successful Binance Coin – which was so popular it traded at more than $22 at its all time high, up from a 10 cent price during the Binance ICO.
 
Nauticus Exchange will launch with six coins – Bitcoin (BTC), Litecoin (LTC),  Ethereum (ETH), Ripple (XRP), TrueUSD (TUSD) and Nauticus Coin (NTS). Between them, these coins account for more than 75% of the entire crypto market cap. This will rapidly expand to more than 100 crypto, with almost 60 supported coins already announced.
 CEO Bryan Ng, said: “There’s a lot of doom and gloom surrounding the Bitcoin price cash following the hard fork of Bitcoin Cash.
“But exchanges are always the big winners out of crypto volatility. They make money in the good times, and the bad.”
 
Ng cited a November article from Business Insider Australia showing that local exchanges saw a 200% in volume – and transaction fees – following the Bitcoin Cash fork.
 
He said: “Our profits come from turnover – not the Bitcoin price.”
About Nauticus
Nauticus is a Melbourne based fintech company that provides user-friendly and secure crypto banking and eCommerce solutions utilizing blockchain technology, underpinned by the Nauticus Coin.

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