Will CoinSpot ever IPO?
The CoinSpot company has not announced whether they have plans to do an Initial Public Offering (IPO) and go public on the Australian Stock market. This is despite other Australian exchanges like BTC Markets looking to IPO and obtaining an Australian Financial Services License in preparation.
Why is CoinSpot an Attractive Investment?
In the event CoinSpot does become a publically listed company, they would most likely outperform competitors like BTC Markets thanks to their large userbase. CoinSpot is the largest exchange in Australia by a wide margin, boasting over 2.5 million users on their platform. The second largest is SwyftX, with a quarter of the user base at 650,000.
How can I Invest in Crypto Exchanges?
The best way to buy shares in a Cryptocurrency exchange is with a large and trusted multi-asset broker like eToro. They are one of the only platforms that lists Stocks, ETFs and cryptocurrencies.
This means you can buy Coinbase (NASDAQ: COIN) shares and also buy Binance Coin (BNB) or FTX Token (FTT) all on the same platform.
You can get started in 4 simple steps:
- Sign up to eToro Australia and verify your identity.
- Deposit Australian Dollars (AUD) from any local bank account via Bank Transfer, POLi, PayID, Osko, Cash or BPAY.
- Find the share or cryptocurrency you want to buy on the platform.
- Input the AUD amount and execute your trade.
What is CoinSpot?
CoinSpot is an Australian-based cryptocurrency exchange that allows you to buy, sell and trade a wide range of digital currencies. They offer a simple and easy-to-use platform with a variety of features such as spot trading, crypto staking, an NFT Marketplace, OTC trading and more.
CoinSpot also has one of the largest selections of coins available to trade with over 350 different cryptocurrencies listed on their platform.
