BitPrime freezes trading as crypto crash bites

BitPrime freezes trading as crypto crash bites
BitPrime chief executive Ross Carter-Brown said the 'perfect storm' meant the company no longer had enough capital to confidently carry out trades for customers. (Photo: Supplied)
Dan Brunskill
New Zealand-based cryptocurrency retailer BitPrime has paused trading on its platform as it no longer has enough capital to facilitate transactions. BitPrime told customers in an email on Thursday afternoon that trading had been suspended due to “liquidity issues” and “extreme market volatility”.The email said a “perfect storm” had occurred with trading volumes drying up, the market crashing, and overhead costs increasing.“These have eroded trading capital and liquidity to a point where we felt we...

More Markets

Bulls, bears and analysis …
Opinion

Simon Robertson: Bulls, bears and analysis …

Why price-to-earnings ratios don’t cut it.

Simon Robertson 15 Nov 2025
NZ stocks take Wall Street lead to end down 1%
Markets Market Close

NZ stocks take Wall Street lead to end down 1%

The S&P/NZX 50 Index closed down 133.41 points or 0.98% at 13,464.46.

Jamie Gray 14 Nov 2025
Zoono says it knows no reason for share price surge, halt lifted
Markets

Zoono says it knows no reason for share price surge, halt lifted

A trading halt granted by the ASX to Australian-listed New Zealand antimicrobials manufacturer Zoono on Wednesday after a price query has been lifted after the company said it knew of no reason for its share price soaring.Its share price rose from 0.09c to 0.18c on volumes much h...

Denise McNabb 14 Nov 2025