Sydney-based Bitcoin exchange Independent Reserve has added New Zealand Dollars to its multi-currency order book. Basically, this means that New Zealand residents can now trade Bitcoin using their home currency.
The addition comes a month after the Bitcoin exchange added AUD to the platform, making it the first Australian exchange to facilitate Bitcoin trading in both U.S. and Australian dollars.
New Zealand residents, interested in trading Bitcoin, can now deposit and hold an NZD balance in their Independent Reserve account to trade the virtual currency.
CEO of Independent Reserve Adrian Przelozny said that, “The big advantage for New Zealanders is that there is now a reputable and proven exchange that they can trade on using their local currency. Having access to Independent Reserve’s multi-currency exchange provides a safe and reliable connection to the global Bitcoin ecosystem for New Zealanders.”
New Zealanders can also benefit immensely from the bigger pool of open orders on the expanding multi-currency order book to initiate trades using only the best price.
Generally, traders buy Bitcoin in one currency (in which it is available at a lower cost) and sell it in another currency (which provides them with a higher value). Independent Reserve’s support of three prominent currencies will help customers easily trade within the same exchange.
Customers can open multiple currency accounts and break single orders across USD, AUD and NZD. And to encourage an even wider adoption of Bitcoin, the company is planning to add new services in the near future.
Mr Przelozny said, “Our user base in the region continues to grow and we will continue to add new services to encourage the growth of Bitcoin.”
About Independent Reserve
Independent Reserve was founded in 2013 with a sole mission to transform the digital currency technology into secure, robust and regulated financial services, and do things the right way.