Revolut Launches Cryptocurrency Trading Services in New Zealand
London-based fintech firm Revolut has introduced cryptocurrency trading services in New Zealand, allowing customers in the country to buy, sell, and hold over 100 different digital currencies on the Revolut app. This launch provides New Zealanders with a new way to access and invest in cryptocurrencies as the global adoption of crypto continues to grow. Revolut first enabled cryptocurrency transactions back in 2017 and has since expanded its trading services to users across various regions.
New Zealanders Can Now Access Top Cryptocurrencies on Revolut App
Kiwis can now trade major cryptocurrencies like Bitcoin, Ethereum, XRP, and other altcoins on the Revolut app. The goal of this expansion is to make crypto trading and alternate investments more accessible and user-friendly for mainstream users. In addition to trading services, Revolut has also introduced a “Learn and Earn” program in New Zealand, offering free educational resources on cryptocurrencies. Users can access bite-sized videos and articles to learn about crypto at their own pace while earning small rewards.
Expanding Abroad Amid Regulatory Uncertainty in the UK
Revolut’s launch in New Zealand comes shortly after the suspension of crypto purchases for business customers in the UK. This decision was made to ensure compliance with new FCA regulations. However, this suspension only affects a small number of Revolut’s global customer base. Despite regulatory challenges in its home country, Revolut remains one of the leading fintech companies and continues to expand its offerings internationally.
Hot Take: Revolut Makes Crypto Trading Accessible in New Zealand
Revolut’s introduction of cryptocurrency trading services in New Zealand opens up new opportunities for individuals in the country to participate in the crypto market. With a wide range of digital currencies available on the Revolut app, users can easily buy, sell, and hold crypto assets. The addition of educational resources through the “Learn and Earn” program further enhances the accessibility of cryptocurrencies for mainstream users. As Revolut expands its services globally, it remains committed to simplifying the money experience and making crypto trading more user-friendly.
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