New Zealand crypto exchange, Easy Crypto, is branching out into new markets following impressive growth in its homeland.
Easy Crypto was established in 2018 and is a well-established provider in New Zealand and Australia. The company has reportedly over 15,000 accounts with over NZ$50 million [AU$47.02 million] in sales.
The firm expanded to Australia last year and has enjoyed solid growth with a tripling of business over the last two quarters.
The platform offers around 50 cryptocurrencies and a fiat on-ramp supporting AUD and NZD. South African Rand has just been added to its new launch.
Co-founder, Janine Grainger, stated:
With a population of 56.7 million – including an estimated 11 million who are unbanked – we aim to provide South Africans with the ability to easily buy and sell crypto and access a financial system totally independent from traditional institutions.
Statistics suggest that nearly 11% of South Africans already own some cryptocurrency which makes this market one of the most lucrative globally.
An archaic and expensive banking system also lends itself to the adoption of digital assets for faster and cheaper transactions.
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