If they can build trust within the Australian crypto community I think the profits can be huge. It's certainly a gap in the market. They will just need a few more coins, which will come no doubt. Lots of Australian crypto investors would love to jump ship into a listed exchange under the protection of government regulations such as an ASX listed company.
In terms of price once we come back to market, could go either way. There will be lots of annoyed holders looking to exit, but if the exchange is up and already building brand awareness there will also be lots of buyers.
Best case scenario is the exchange launches before we come off suspension.
Don't listen to the nay sayers: if the ASX didn't think they would be coming off suspension they wouldn't even be entertaining the idea of allowing these announcements to come out.
Could be over for good? Possible.
Could we be sorting it out and have a chance with the exchange live? Very possible.
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