The Year Of Crypto, page-2

Love this bit about Kryptos-x

Money-spinner
Mr Mackay expects the business to be cashflow-positive within six months, based on the rapid cash generating abilities of similar exchanges he saw in Canada (though Bitcoin was then around $US20,000).
“A lot of crypto exchanges up and running are generating extraordinary profits,” he said.
Crypto exchanges can attract the same kinds of high EBITDA margins as securities exchanges, he says, pointing to the ASX’s 76 per cent margin.

Fatfish chief Kin Wai Lau has committed to investing more funds if Kryptos-X needs capital.

It’s also a possible takeover play.
On Tuesday, Goldman Sachs-backed payments startup Circle bought cryptocurrency exchange Poloniex for $400 million.
Though Mr Mackay says Kryptos-X is not a takeover target yet.

Cryptocurrency exchanges will soon be regulated like securities exchanges, says the Aussie boss of up-and-coming bitcoin and ethereum marketplace Kryptos-X.

It could eventually end up listing on the ASX itself after raising cash to expand into Europe or the US — but that won’t happen soon, Mr Mackay said on an investor call this week.

“It’s tempting, but [floating the business] would be hypocritical and the wrong thing for me to do.

“I’d prefer to get Kryptos-X working and cashflow-positive and look at that when we go into regulated markets,” Mr Mackay said.

“We certainly will attempt to run the business so that it will meet what we think are the most likely regulatory standards and burdens that are put to the industry.”

https://unauthorised investment adv...ps-says-aussie-kryptos-x-founder-tony-mackay/