Fintech unicorn Bitpanda has added goods to its platform. Starting today, its investors will be able to tap into the potential of assets such as oil, gas, aluminum, wheat, among others. Bitpanda clients can now invest in one of the widest range of digital assets in Europe, from cryptocurrencies, crypto indices, stocks *and ETFs* to precious metals and now Bitpanda Commodities*. Installments around the clock, seven days a week and from 1 euro each.
Thus, Bitpanda has been able to provide easy access to the traditionally complex asset class, allowing you to invest in ETC (Exchange Traded Commodities) through derivative contracts. Bitpanda owns 100% of the respective ETC and each derivative contract always has the same value of the respective ETC. Unlike precious metals, which Bitpanda stores in a vault, investors will not buy shares of physical assets.
Commodities have historically tended to move independently of stocks and bonds, which makes them a great way to diversify a portfolio. It can also be a great tool against inflation: when prices go up in the supermarket, so do the prices of goods.
Eric DemuthCo-founder and CEO of Bitpanda, commented:Since we founded Bitpanda, our mission has always been to remove barriers and enable people to access the financial markets in an easy and secure way. The way we implement it is different for each asset class, but the result is always the same: safe and easy access for our investors, at all times and from €1. I’m glad we were able to add goods* to the platform at a time when inflation had a negative impact on people’s savings. Bitpanda clients can now invest based on their gas bill and benefit from short-term price movements of key commodities* such as oil, natural gas, corn, wheat and many more. I firmly believe that investing in a well-researched and diversified portfolio is the best way for people to take control of their financial future. Investing is no longer an exclusive activity, and I hope we can continue to provide options and confidence to investors, both new and traditional.“.
One platform, multiple asset classes
Investors can open a free Bitpanda account and start investing in one of the widest range of digital assets in Europe in minutes, depending on their budget and risk appetite. Bitpanda clients can buy, sell or trade commodities* like any other digital asset on the platform, at the touch of a button, easily and securely.