Crypto exchange CoinSpot launches its own platform for NFTs – Bits Media

Australian cryptocurrency exchange CoinSpot announced, which launches an integrated platform for non-fungible tokens.

Integration of the site into the exchange is designed to simplify the process of buying and selling tokens. The first NFTs on the platform will be the Bored Ape Yacht Club collection and the Gauntlet series from Australian author BossLogic.

As the creators of the crypto exchange say, they were Australia's first company, who received a license from the supervisory authority AUSTRAC and began offering their users the opportunity to make purchases on the NFT platform.

The company plans to add as many collections of famous artists as possible to its new site, so that users do not have to switch from one platform to another to trade NFTs. It is assumed, that users will be able to buy digital works for any of the cryptocurrencies presented on CoinSpot.

The developers say, that currently no platform allows users to trade non-fungible tokens using those digital currencies, which are convenient for them. They cite the OpenSea platform as an example., where you need to register one of several wallets and trade NFTs for a certain cryptocurrency. Most often this currency is ether.

Recall, formerly Commissioner of the Australian Securities and Investments Commission (According to MineSpot co-founder Adam Aushev) Catherine Armor (Catherine Armour) stated, that cryptocurrency companies must follow the same rules, as well as financial institutions.