CoinSpot to Launch NFT Marketplace Within Exchange’s Own Platform

CoinSpot said Friday it will become the first crypto exchange nationally to offer its users the ability to buy NFTs within its platform

article-image

Credit: Shutterstock

share
  • CoinSpot said it wants to simplify the process for buying or selling NFTs and is planning to launch an NFT marketplace atop its platform
  • The marketplace will feature Bored Ape Yacht Club NFTs as well as BossLogic artworks

One of Australia’s largest exchanges by total users said Friday it is launching an NFT marketplace within its existing platform this week in a bid to simplify the buying and selling process.

The (non-fungible token) marketplace will initially list a curated group of well known NFT projects including Bored Ape Yacht Club and Australian Creator BossLogic’s Gauntlet series.

The exchange, which is approved by the country’s transaction watchdog AUSTRAC, is the first of its kind in the country to begin offering users the ability to make purchases within its platform, CoinSpot said.

CoinSpot is expecting to add more NFTs “over the coming months” as it attempts to ease what it sees as a burden when purchasing digital assets through external marketplaces.

“No other platform currently allows users to purchase NFTs with any crypto of choice,” a company spokesperson told Blockworks. The platform said users will be able to make purchases using most well-known crypto.

Current processes for buying NFTs from marketplaces such as OpenSea involve establishing a crypto wallet, connecting said wallet to a marketplace and ensuring the right crypto is loaded to place a bid.

Most well-known projects are denominated or sold for ether. Still, CoinSpot argues the problem lay in a newcomer’s lack of education around the technology and is seeking to reduce “technical barriers.”

“If we look back at the emergence of the early internet, it’s clear that building the most accessible, easy-to-use and secure technology is the key to mass,” said CoinSpot Chief Product Officer Gary Howells. “Everyday Australians shouldn’t have to jump through hoops or miss out on accessing projects just because the current process of buying NFTs is complicated and confusing.”

He said that people should have the same access to the market despite whether they were a layperson or a high-profile individual.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Flashnote Template (41).png

Research

We believe that few tokens at the application layer are diverging more from fundamentals than ZORA. Its fully-diluted P/S sits at 90x, pricing significant growth despite a consistent decline in weekly revenues since late July. We foresee an 80% decrease in protocol net margins due to a recent update to the fee structure that reduces trading fees from 3% to 1%, while boosting creators’ portion of the fee split. ZORA’s supply overhang also represents a near-term headwind, with 45% of ZORA’s supply (4.5B tokens or $350M at current prices) earmarked for the team & investors beginning to unlock on October 23, 2025 (36-month linear vesting schedule).

article-image

Insiders have the best information — markets should be willing to pay for it

article-image

The CFTC-regulated exchange is opening doors to crypto builders and traders through grants, partnerships, and new deposit options

by Blockworks /
article-image

DFS tells banking organizations to integrate blockchain monitoring tools to curb money laundering and sanctions risks

by Blockworks /
article-image

New short and long-term priorities include L1 gas boosts, ZK-EVMs, privacy reads, and a lean, quantum-resistant Ethereum

by Blockworks /
article-image

The new stBTC token redistributes Bitcoin gas fees to users, creating liquid yield without inflation or lockups

by Blockworks /
article-image

The reserve will collect protocol revenues to back W token, alongside new yield and unlock schedule

by Blockworks /