This isn't competition if they don't plan on issuing market pegged assets.
Must not be competition. They have hired a top notch law firm and will do much of the law / regulatory, lobbying, and PR and media work.
Do you think there will only be one such crypto exchange? Probably not!
Counterparty is not based on sustainable technology if they don't change something fundamentally but what they are very good at is forming partnerships, PR, having a sense for what the public / people needs. Learn from it!
BTSX was to young. But the time will come!