Could an Aussie Crypto Exchange be the next Binance?

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Move over Binance! A cryptocurrency exchange being developed in Melbourne, Australia, has already attracted 300,000 registered users and with plans to accept seven fiat currencies it has the potential to become a major global player.

Called Nauticusthe exchange still has three weeks to go in its Initial Coin Offering (ICO), but has already raised $11.3M.

“The soft cap of $8 million was surpassed during the pre-sale, so the Exchange has been given a green light,” a Nauticus spokesperson said.

“The Nauticus Coin is modelled on the popular Binance Coin (BNB), and offers a similar 50 percent reduction in trading fees, which has seen the value of BNB skyrocket.”

So far, the Nauticus ICO has attracted glowing reviews, including 4.7 stars from ICO Bench, 4.45 stars from ICO Marks, 4.6 stars from Wiser ICO and a Gold rating on Top ICO List.

Nauticus is registered as an independent remittance dealer with the Australian Government regulator AUSTRAC and the exchange complies with all KYC, anti-money laundering and counter-terrorism financing laws.

“We want to thank everyone for the overwhelming level of support they’ve shown,” said co-founder and CEO Bryan Ng.

“It’s truly humbling and we won’t let you down. We’re determined to create the best crypto exchange in the world.”

The Nauticus ICO runs until May 18, 2018.