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Zip is plotting a major move into cryptocurrency and stock trading, as it diversifies beyond buy now, pay later

Zip co-founder Peter Gray has revealed Zip is planning to expand into a trading platform. In comments made to the Dow Jones newswires, Gray said Zip was considering offering cryptocurrency and stock trading options out of its existing app. Zip confirmed the announcement to Business Insider Australia, as it looks towards future growth markets. One of Australia’s largest buy now, pay later companies wants to do a whole lot more as it looks to the next stage of its evolution. In comments published by the Wall Street Journal, Zip co-founder Peter Gray revealed the $5.1 billion platform plans to soon expand into cryptocurrency and stock trading. The trading function would most likely be launched in the United States, where Zip-owned QuadPay operates, before turning its eye back on its home turf.

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