
Sharesies, a popular online investment platform, has announced plans to introduce cryptocurrency trading in response to increasing customer interest. Co-chief executive Leighton Roberts explained that as more people hold or show interest in crypto assets, and as the sector matures, cryptocurrencies are becoming a feature in both personal and institutional portfolios.
Roberts stated that Sharesies aims to simplify crypto investing for New Zealanders, whether they are beginners or experienced investors seeking a less complex experience. The platform has opened a waiting list for customers hoping to gain early access to crypto trading, with the service expected to become available in August.
To make the process more user-friendly, Sharesies will focus on removing some of the complexity traditionally associated with crypto wallets and keys. They intend to partner with a leading cryptocurrency platform, enabling customers to buy, sell, and hold assets like Bitcoin and Ethereum.
Roberts acknowledged the volatility and higher risk level of cryptocurrencies but emphasized that Sharesies will provide educational resources to support customer understanding. He noted that while crypto might not suit everyone, the company wants investors to have the option. So far this year, Bitcoin’s value has fluctuated between US$77,000 (NZ$129,000) and US$120,000 (NZ$201,00