Today the Swyftx exchange, based in Australia, launched an additional platform for New Zealand investors. It will allow customers to deposit money into their digital accounts or withdraw New Zealand dollars through local banks.
According to RNZ, at the time of the launch of the new version of the platform, the Swyftx already had about 5,000 New Zealand customers. But according to a recent report by the Financial Stability Board, almost 800,000 Kiwi users are ready to buy digital assets in the next 12 months. The new platform will allow everyone to conduct cryptocurrency transactions in local currency.
The platform’s chief executive officer, Alex Harper, said the company is well aware that customers want to transact in an inexpensive and secure manner. These are precisely the services that are offered by the new platform. It will provide local investors with access to 300 different digital assets, 48 of which were previously unavailable in New Zealand.
Harper claims that New Zealand exchange platforms operate in a different way than other countries. They simply order a transaction, effectively transferring funds between the buyer and the seller. The Swyftx NZ will give local investors the opportunity to open accounts in New Zealand dollars, which will allow customers to easily make deposits and trade transactions.
Swyftx was founded in 2018, considered the fastest growing exchange platform in Australia. Last May, its clients invested almost 3 billion local dollars in digital assets, while a year ago this amount did not exceed 120 million. In total, the local market capitalization of digital assets is estimated at NZ $ 210 million.
I like cryptocurrency. I have been studying it for several years, but also investing in it and working in this field. In addition, I do articles on the subject where I try to be clear and sharp !
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