CoinSpot’s billionaire owner grabs huge dividend payout

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.