Bitpanda Expands Offering Lineup with Addition of Commodities Trading

Bitpanda, a unicorn cryptocurrency startup based in Austria, has scaled its offering with the addition of commodities trading.

With the new launch, Bitpanda customers can benefit from short-term price movements of commodities like oil, natural gas, aluminium, wheat and more.

Established in 2014, Bitpanda has turned itself into one of the largest European digital asset exchanges. The company offers broad range of digital assets, ranging from cryptocurrencies, crypto indices, stocks and ETFs to precious metals and now Bitpanda Commodities, 24/7.

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."

Bitpanda has registered in Spain​ as a virtual currency exchange and digital asset custody service provider earlier this year. The crypto company is now regulated in five European countries: other than Spain, it is also licensed in Austria, France, Italy and Sweden.