As the Australian media resource The West have reported, Australian tech firm from Perth is planning to open a national cryptocurrency exchange early in 2018. At first, National Currency Exchange will be trading Bitcoin and Ethereum, but later more cryptocoins and the upcoming ICO tokens will be added too.
The CEO of National Currency Exchange, Tommy Shin, has stated that $750,000 were raised to fund the cryptocurrency exchange along with a second exchange in Singapore.
We will also be adhering to best practice and industry standards used in the verification of users’ ID as part of Know Your Customer. We have also implemented real-time reconciliation and best practice accounting processes in place to ensure transparency.
Chief Executive Officer, NCX
The exchange is supported by Subiaco’s Lateral, a technology company which provides expertise to securely manage infrastructure and develop customer-engaging mobile applications.
Apart from Australia, NCX is planning to open exchanges in Singapore, Malaysia, Indonesia, Croatia and other Asian countries during next two years.