Australian Crypto Exchange CoinSpot to Launch NFT Marketplace This Week

CoinSpot, one of the largest crypto exchanges in Australia in terms of users, said Friday it will launch an NFT marketplace on its existing platform this week to streamline the buying and selling process. The marketplace will first go live with a number of well-known NFT projects, including Bored Ape Yacht Club and Australian creator BossLogic's Gauntlet series, CoinSpot said, adding that the exchange was approved by the country's trading regulator, the Australian Federal Trade Commission (AUSTRAC). The exchange is expected to add more NFT in the coming months.