Overview
Coinstash aims to be Australia’s top crypto solution
With more than 20,000 registered users, Coinstash has helped thousands of customers trading more than 1000+ cryptocurrencies. We also launched Coinstash Rewards, a loyalty program where customers can earn rewards on their crypto assets.
We are proud to launch our second equity crowdfunding round, allowing more Australians like you to own a share of one of Australia’s leading cryptocurrency platforms.
Product / Service Details
Coinstash: Trade, Earn, Borrow, Spend & more…
Coinstash is a more than just a crypto exchange. In addition to allowing our customers buy and sell cryptocurrencies, Coinstash Earn pays rewards to customers on their crypto savings.
Subject to applying for and obtaining the necessary regulatory approvals, we plan to launch by end of 2023:
- Coinstash Borrow - Where customers can borrow AUD (or crypto) using their crypto holdings as collateral.
- Coinstash Spend - A crypto credit card where customers' crypto holdings would be a factor in determining credit limit.
Coinstash is a digital currency exchange registered with AUSTRAC.
Business Model
Summary
Our business model is highly scalable and our revenue is diversified. The platform is online and available 24/7.
Description
As an exchange, Coinstash generates revenue from charging a buy and sell spread, and a GST-inclusive fee of 0.85% on volume traded.
Additionally, Coinstash generates revenue by applying its internal assets through various investment channels to generate a rate of return.
Coinstash Earn rewards customers for holding their crypto assets in a savings account. Customers can choose to be rewarded in cryptocurrency or in Coinstash merchandise.
Coinstash also pays commissions to affiliates who market and promote our products to the crypto community and general public.
Mission & Objectives
Mission
At Coinstash, we believe cryptocurrency is one of the biggest and most transformative inventions of the 21st century.
Our mission is to financially empower our clients by bridging the gap between traditional finance and the world of crypto.
Business Objectives
We aim to help Australians navigate the complex crypto landscape by offering a single easy-to-use and trusted Australian crypto platform, where they can easily earn, buy and sell, borrow & spend cryptocurrency.
These are our short to medium term product objectives for the business, which we hope to further expand beyond in a larger vision of financially empowering our customers with cryptocurrencies.
While we execute on our above vision, at the heart of our offering always remains a commitment to customer service and trust.
Industry
Summary
Cryptocurrency is arguably the most exciting and fastest-growing sector in the world.
Australia has a number of local and global cryptocurrency exchanges. These platforms vary in complexity and product features.
Description
The cryptocurrency industry primarily focuses on allowing customers to speculate on the prices of various cryptocurrencies. However, we see the industry evolving beyond this speculative focus by bringing more usability to cryptocurrency.
Coinstash is leading the charge. We aim to be the platform of choice for customers who want to do more than just speculate on their cryptocurrency holdings.
