Raiz to Offer Bitcoin Fund to Australian Retail Investors in 2020
Cointelegraph
Published Jan 20, 2020 07:31AM ET
Updated Jan 20, 2020 09:22AM ET
Raiz to Offer Bitcoin Fund to Australian Retail Investors in 2020
Australian micro-investment startup Raiz is set to bring Bitcoin (BTC) fund options to its users, Australian Financial Review (AFR) reports on Jan. 20. The firm cleared the last legal hurdle with the Australian Securities and Investment Commission (ASIC), the country’s financial watchdog agency.
Raiz is a fintech startup offering micro-investment services to its 300,000 registered accounts. Like the United States-based Acorns and other worldwide startups, it “rounds up” the spare change from the users’ purchases to invest it in a set of investment products, generally comprising exchange traded funds (ETFs).
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Written By: Cointelegraph
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