NZDX Exchange on eToroX
The New Zealand Dollar or NZD is one of the major currencies in forex. It is traded against several pairs, but is popularly traded against the US Dollar and Japanese Yen. eToroX, the blockchain and crypto arm of the eToro Group, gives you the opportunity to trade the NZD as a tokenized stablecoin known as NZDX. Matched to the value of the NZD with a 1:1 parity exchange value, you can trade NZDX in a combination of the following stablecoin and cryptoasset pairs:
You can therefore trade Bitcoin, Litecoin, Stellar Lumens as well as the US Dollar, British Pound and Euro stablecoins with the NZDX. These pairings will provide some guidance on how to trade economic indicators that impact the value of the NZD using the NZDX stablecoin.
Why Should You Trade NZDX with eToroX?
eToroX offers a secure and regulated cryptoasset exchange that ensures maximum safety and security of funds. Strict cybersecurity is deployed to safeguard the site and the exchange. Since users need to transmit much data and enter many details (login, transaction details, wallet IDs, etc), eToroX has used the most effective security protocols.
Furthermore, if you need assistance or have a query, you only need to ask. Customer Services on eToroX are of the highest quality, and are extremely responsive.
The above content is for informational purposes only and should not be construed as financial or any other type of advice. All trading involves risk of capital loss. Digital Assets trading also involves additional special risks not generally shared with official currencies, goods or commodities. For more information on the risks please refer to our Risk Disclaimer.