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Why Digital Currency Exchange Nauticus Blockchain Seeks $25 Mn Funds Through Equity Fundraising Round

On April 15, 2019, a digital currency exchange called Nauticus Blockchain aka Nauticus Exchange who has made an announcement of seeking $25 million funds through an equity fundraising round. It is registered with an Australian government financial intelligence agency called Australian Transaction Reports and Analysis Centre (AUSTRAC). It is likely to become the first global-centric cryptocurrency exchange across Australia with 280,000 accounts across 84 countries.

Helping Nauticus in onboarding 2.9 million users by 2022 is a purpose of the funds. The funds won’t only be used to help Nauticus in onboarding the users, but the funds will also be used for expanding the team internationally and supporting a cross-jurisdiction banking & financial license and an extensive cross-platform marketing spend.

The digital currency exchange Nauticus Blockchain is claimed to provide one of the lowest trading fees i.e., 0.1% per transaction. A 50% discount and 0.05% trading fees can be achieved due to paying fees in NTS (Nauticus Coins).

The Chief Executive Officer (CEO) and the Co-founder of Nauticus Blockchain Bryan Ng said, “We urge people who share our vision of ethical, low cost and borderless finance to join us on this journey. Imagine what a difference it would make in a developing country if 100% of the money arrived in the local economy, rather than 90-95% after the wire transfer companies have taken their cut,” Crowdfund Insider reported.

Nauticus Blockchain is a digital currency exchange located in Melbourne, a city in Australia. It is founded by Bryan Ng and Jonathan Chang. A goal of creating tools motivates both founders. Helping people in advancing knowledge and gaining control of their finance is a purpose behind the creation of the tools. Expanding into payments processing, security tokens and foreign exchange in 2019 is a plan of the exchange. The exchange has an easy-to-use interface which is designed for advanced traders. The easy-to-use interface isn’t only designed for the advanced traders, but also for everyday traders. It supports multi-language and 24/7 customer service, according to the official LinkedIn account of Nauticus Blockchain.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]

Shabnam Dhar is a Copy Editor for OWLT Market.

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