Markets

BitPrime calls on crypto community for cash

Dan Brunskill
Tue, 17 May 2022

BitPrime calls on crypto community for cash
BitPrime CEO Ross Carter-Brown said the crypto crash was "only a blip on the radar" in terms of long-term growth. (Image: BitPrime)
Dan Brunskill
Tue, 17 May 2022
Cryptocurrency retailer BitPrime is crowdsourcing a stop-gap recapitalisation of its business while it works through a more permanent solution. The New Zealand-based business was forced to halt trading last week after the crypto market crash led it to run out of funds it uses to buy currencies on behalf of customers. Now it's appealing to those same customers to provide enough financial support to allow BitPrime to resume trading and cover its costs – including keeping staff on the payroll.Chief executive Ross Carter-Br...

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