Post
Topic
Board Altcoin Discussion
Topic OP
Oz Exchange? Is the demand there?
by
lishbtc
on 04/07/2013, 08:34:32 UTC
Please provide feedback (honest & critical is fine!)...

I'd like to know if there is a demand in Australia for a local crypto exchange. 

The main driver would be speed of handling fiat, thus target audience would be residents/those with financial holdings of Australia.

In a nutshell:

* Regular plain old exchange without too many bells & whistles (less complexity = less to go wrong)
* The ability to do stop-loss trading
* The main selling point - same day fiat withdrawals & deposits (AUD) - this would be achieved by holding fiat in accounts with each of the major Aus banks, as I believe transfers in Aus within the same bank are immediate (correct me if I'm wrong).  For example if you wanted to withdraw to a CBA account, we'd send the withdrawal via our own CBA account and so on.

I don't claim anything at the moment, just suffering from ongoing delays depositing at Gox which has made me interested what demand there is for same day fiat deposits & withdrawals. 

If there is demand there I may consider funding something (I'm in infrastructure so can handle the architecture side but I'd need to fund coders & business minds too).