CoinSpot, one of the country’s largest cryptocurrency exchanges, has recorded a near 75 per cent slide in profit but paid its owners, including billionaire co-founder Russell Wilson, a dividend of over $81 million, new filings show.
The Melbourne-based CoinSpot, which Mr Wilson set up with Brendan Halfpenny in 2013, provides cryptocurrency broking services as well as an exchange platform. The company is now a major sponsor of AFL club Western Bulldogs.
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Primrose Riordan covers private companies and family offices from the AFR's Sydney newsroom. Primrose was previously a correspondent for the Financial Times and covered foreign affairs and politics in Canberra. Primrose has won multiple awards for her journalism including from The National Press Club, SABEW in the US and Press Gazette in the UK. Message Primrose on Signal: https://tinyurl.com/PrimroseSignal Connect with Primrose on Facebook and Twitter. Email Primrose at primrose.riordan@afr.com
