EddieJayonCrypto
30 Jul 25
Sharesies, a leading New Zealand stockbroker and micro-investing app, is launching cryptocurrency trading in response to growing customer interest after record highs in Bitcoin and other cryptocurrencies. Founded in 2017, Sharesies serves over 700,000 clients in New Zealand and Australia, offering a...
Sharesies, a prominent New Zealand stockbroker and micro-investing app, has announced its foray into cryptocurrency trading, responding to surging customer interest following record highs in Bitcoin and other major cryptocurrencies. Co-CEO Leighton Roberts highlighted the company’s goal to simplify crypto investing for its user base.
Founded in 2017, Sharesies now serves over 700,000 clients across New Zealand and Australia. The platform currently offers access to individual stocks, exchange-traded funds (ETFs), and managed funds, allowing users to purchase fractional shares with investments as low as 1 cent. Introducing cryptocurrency trading is anticipated to significantly enhance Sharesies’ appeal and market presence in the region.
Regarding regulation, New Zealand does not have cryptocurrency-specific laws but applies existing legal frameworks to digital assets. The Inland Revenue Department (IRD) classifies cryptocurrencies as property, while the Financial Market Authority (FMA) treats exchanges as financial service providers. This year, the FMA also launched a regulatory sandbox to facilitate testing of blockchain innovations. However, New Zealand has taken a cautious stance by banning cryptocurrency ATMs to prevent money laundering risks.