" class="no-js "lang="en-US"> Bitpanda Launches Commodities Investing, Offering Investors Access to Every Major Asset Class - Fintech Finance
Friday, April 19, 2024

Bitpanda Launches Commodities Investing, Offering Investors Access to Every Major Asset Class

 Austrian fintech unicorn Bitpanda 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 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.

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