. It also plans to offer crypto and share trading capabilities within the app.
The merged entity will allow customers on both platforms to log in using a single account. It will allow access to cryptocurrency and equities trading along with superannuation holdings in one interface. “There is a complex set of rules and to navigate them has its challenges that we’ve worked through. For someone else coming else into this space – it’s hard,” Mr Winters said.Mr Harper said there was a “misconception that crypto is a completely regulated space”.
The transaction comes amid turbulence in both equity and crypto markets as the stimulus-fuelled meme stock and coin “melt-ups” were replaced by violent corrections as interest rates edge higher.an algorithmic stablecoin that was tied to the US dollar but became worthless in a matter of days.“It’s still rapidly evolving. Our investors understand it’s a volatile space and to invest responsibly,” Mr Harper said.