Bitcoin Exchange Independent Reserve adds NZD capabilities

Bitcoin Exchange Independent Reserve adds NZD capabilities

Independent Reserve, the Bitcoin market, announced today that Bitcoins can now be traded directly in NZD through the Independent Reserve multi–currency exchange.

This follows the recent addition of AUD to the platform, in which Independent Reserve became the first Australian exchange to offer Bitcoin trading directly in both U.S. and Australian dollars.

CEO Adrian Przelozny said adding NZD to the multi-currency order book was the natural next step for the exchange.

“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.”

The change will provide extra flexibility for those using Bitcoin to avoid the traditionally high fees associated with FX transactions, Mr Przelozny said.

“We have seen a trend towards people buying Bitcoin in one currency and selling it in another, effectively using Bitcoin as an FX tool, rather than using a bank or a wire service,” he said. “As this trend continues to grow it will be useful for our users to have additional currencies right here within the exchange.”

Independent Reserve customers can open and maintain multiple accounts in multiple currencies, and break single orders across USD, AUD and NZD.

“The feedback from our users has been very positive,” 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.”

ENDS

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