Stake to offer crypto investing

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on March 14, 2022 Fact Checked
Stake to offer crypto investing

Digital broker STAKE has announced it will introduce cryptocurrency investing for customers in 2022.

The announcement places Stake as the latest broker to include cryptocurrency trading.

Stake Founder and CEO Matt Leibowitz said the decision was a natural step for the broker. 

"The decision to take on cryptocurrency was a natural step in offering our customers greater access to financial opportunities," he said. 

"Crypto is taking the world by storm and has established itself as a legitimate asset class. Investors are demanding it and brokers who are dragging their feet will fall behind."

According to a 2021 study commissioned by Stake, cryptocurrency was found to be the second most popular investment for Australian investors under the age of 40. 

"Younger Aussie investors are looking for access to a diversity of investment opportunities across established and modern asset classes, in one place," Mr Leibowitz said. 

"They want to buy into industries and ideas changing the world near and far and not be limited by borders.”

Once available, Stake customers will be able to trade cryptocurrency along with Australian and US stocks. 

Stake’s Crypto Product Manager, Jeroen Van Amerongen said the move will help the next generation of investors build wealth.

"This isn’t just about adding a few coins to your platform. It’s about building a wealth management experience for the next generation," he said.

"We’ve demonstrated that sophistication doesn’t have to be complex with our U.S. and ASX platform and now it’s time to break the same barriers to crypto."

Stake's move to offer cryptocurrency trading places it alongside CBA, Square and Paypal, which already offer crypto 'wallet' services. 

Also read: Beginner's guide to investing for millennials. 


Image by WorldSpectrum via Pixabay



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Aaron joined Savings.com.au in 2021. He is a finance journalist with a keen interest in property, the share market, and improving financial literacy in young Australians.

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