Bitpanda Adds Commodity TradingAdmin
- Crypto Exchange Bitpanda Adds Commodity Derivatives Contracts
- By this, they offer to protect the portfolios of investors
- The minimum investment amount is 1 euro
Austrian investment company Bitpanda has added a new product line. Now customers of the service will be able to trade energy resources (oil, natural gas) and goods (aluminum and wheat).
Bitpanda is the largest crypto exchange and the first “unicorn” in Austria. On their website, you can invest in cryptocurrencies, stocks, and exchange-traded funds (ETFs).
According to a press release, users will now have access to exchange-traded commodities (ETC) through derivatives contracts. The holder of these ETCs will be Bitpanda. Unlike metal futures, clients cannot buy shares of a physical asset.
According to Bitpanda, such products will allow you to earn on “short-term” price fluctuations and protect the portfolio of investors from inflation.
“Our clients can now bet against their gas bills and benefit from short-term fluctuations in the prices of vital commodities – oil, gas, grain and others,” comments Eric Demuth, CEO of the exchange.
The minimum investment amount is only 1 euro.