Another conflict of interest is having the exchange run by the issuer of its main asset.
Unlike Bitfunder, where Ukyo can regulate on crooked/foolish asset operators, Picostocks won't do anything about 100TH investors being screwed by Picostocks' owners.
We were promised 100TH, which still haven't shown up.
We were promised 200TH, to make up for the 100TH being so late. No telling when that's going to happen.
If 100TH were listed on Bitfunder, I'd ask Ukyo to force them to provide the promised hashing power by a firm deadline, even if they have to buy it (from themselves) on cex.io or TAT Virtualmine.