Bitpanda, a cryptocurrency trading platform, has introduced commodities to its platform. It enables users to trade commodities like oil, natural gas, aluminum, and wheat, along with cryptocurrencies, equities, and exchange-traded funds (ETFs). Say hello to Bitpanda Commodities* – the simple way to gain exposure to volatile markets. pic.twitter.com/rF8chCK9sE — Bitpanda (@bitpanda) September 6, 2022 According to a statement made today, users are capable of accessing exchange-traded commodities (ETCs) through derivatives contracts. Bitpanda will hold the ETCs. Users are not allowed to purchase shares in the tangible asset, in contrast to its metal investing feature. Short-Term Changes in Commodity Prices Users of the new products will be able to play on “short-term” changes in commodity prices, according to Bitpanda. The company noted that commodities shield investor portfolios in a situation when inflation is on the rise globally. In a statement, CEO and co-founder Eric Demuth remarked, “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.” New Launch Follows Previous Moves The new introduction follows prior efforts to expand its product line. Four new thematic crypto indexes focused on decen...
