Bitpanda launches commodities trading
Vienna based crypto, stocks, and commodities services trading provider Bitpanda has continued to take steps to compete more directly with Europe’s “traditional” CFDs brokers, announcing that it has added a new asset class to its platform, enabling investors to benefit from short-term price movements of commodities like oil, natural gas, aluminium, wheat and more.
Bitpanda customers can now invest in Europe’s broadest range of digital assets, ranging from cryptocurrencies, crypto indices, stocks and ETFs to precious metals and now Bitpanda Commodities, 24/7, starting from as little as 1 Euro.
Bitpanda said that it has been able to offer easy access to a traditionally complex asset class by allowing investments in an underlying Exchange Traded Commodity (ETC) through derivative contracts. Bitpanda holds 100% of the underlying ETCs, and each derivative contract is always worth as much as the respective ETC. Unlike with precious metals that Bitpanda stores in a secure vault, investors will not be buying shares in the physical asset.
Historically commodities have tended to move independently of stocks and bonds, making them a great way to diversify portfolios. They can also protect against inflation: when prices go up at the grocery store, commodity prices go up, too.
Eric Demuth, co-founder and CEO of Bitpanda, comments:
“Since we first started Bitpanda, our mission has always been to remove the barriers to entry and enable people to access financial markets in a simple and secure way. The way we do this is different for each asset class, but the result is always the same: secure, simple access for our investors, any time, for as little as 1 Euro.
I’m excited we’ve been able to add commodities to the platform at a time when inflation is biting into people’s savings. Bitpanda customers can now bet against their gas bill and benefit from the short-term price movements of key commodities like oil, natural gas, corn, wheat and many more. I strongly believe that investing in a well researched and diverse portfolio is the best way for people to take control of their financial futures. Investing isn’t an exclusive activity anymore, and I hope that we can continue to bring choice and confidence to investors, new and old.”
Investors can open a free Bitpanda account and start investing in minutes in Europe’s broadest range of digital assets, depending on their budget and risk appetite. Bitpanda’s customers can buy, sell or swap commodities just like any other digital asset on the platform, with a tap of a button, simple and secure.
Bitpanda makes investing accessible for everyone. Founded in 2014 in Vienna, Austria by Eric Demuth, Paul Klanschek and Christian Trummer, Bitpanda exists to help people trust themselves enough to build financial freedom for their future. The user-friendly, trade-everything platform empowers both first-time investors and seasoned experts to invest in the cryptocurrencies, crypto indices, stocks and precious metals they want – starting from 1€ only, 24/7. With more than 730 team members and steadily approaching 4 million customers, the company is one of Europe’s successful fintechs. Its technology ecosystem currently comprises offices and physical tech hubs in ten cities across Europe, including Vienna, Amsterdam, Barcelona, Berlin, London, Madrid, Milan and Dublin, among other cities.
The Bitpanda Group is registered with the Austrian Financial Market Authority (FMA), the French Autorité Des Marchés Financiers (AMF), the Czech Trade Authority as VASP, holds the PSD2 licence, the MiFID II licence and became Austria’s first Electronic Money Institution (EMI) in accordance with European law (EMD2), plus has a fully AML5 compliant KYC process. Most recently, Bitpanda became the first foreign crypto provider to become fully licensed in Sweden, and also secured registration with the Italian Virtual Asset Services Provider (VASP) and the Bank of Spain.