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The European trading platform originally started as a cryptocurrency exchange but over the past few years, it has expanded to other asset types, such as stocks, ETFs and precious metals - and now, commodities. The timing of this release lines up with important fluctuations in commodity prices in Europe due to the ongoing conflict between Russia and Ukraine. And Bitpanda is well aware of that.
“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,” the company’s co-founder and CEO Eric Demuth said in a statement.
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