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

NZME chief financial officer David Mackrell resigns, to join Sky TV
Markets

NZME chief financial officer David Mackrell resigns, to join Sky TV

NZME is losing one of its long-established executives as he switches to the top table at Sky Television.NZME chief financial officer David Mackrell has resigned and will join Sky as its new chief financial officer in January, the two publicly listed companies have revealed in sep...

Your mid-year investment health check
Markets

Simon Robertson: Your mid-year investment health check

What should you really be looking for from your fundie? 

Simon Robertson 05 Jul 2025
Tourism Holdings stalls as NZ sharemarket ends week on high
Markets Market Close

Tourism Holdings stalls as NZ sharemarket ends week on high

The NZ sharemarket bounced back as large-cap stocks balanced gains and losses.

Tom Raynel 04 Jul 2025