The European crypto exchange Bitpanda has launched a new service, called Bitpanda Stocks, which allows users to invest in fractional stocks 24/7.
This will allow users to trade stocks such as Netflix, Apple, Amazon, Walt Disney, Volkswagen, Alphabet, Tesla, Airbnb, even when traditional markets are closed, and even by buying only fractions of shares.
The exchange also promises to add many more stocks in the coming months.
All stocks and ETFs that can be traded on Bitpanda are fully backed, and the un2derlying assets are held in the exchange’s custodian bank, BNP Paribas. The derivative products offered are fully compliant with Austrian regulations, where the exchange is based.
Bitpanda has also recently achieved unicorn status, as its valuation has exceeded $1 billion, and has been expanding rapidly, especially within the European market.
Austria is part of the EU and uses the euro as its national currency, so the Austrian exchange easily serves all eurozone countries.
Previously, in addition to cryptocurrencies, it had already started a service for buying and selling precious metals and digital assets, so much so that its platform is used by millions of people across Europe.
Bitpanda Stocks, for equities and ETFs
From today, the exchange will offer access to some simple and commission-free derivative products from the first beta selection of equities and ETFs.
The CEO and co-founder of Bitpanda, Eric Demuth, said:
“This is a really exciting day for Bitpanda. We founded the company on the idea that everyone would have the same access to the financial world. Investing should be simple, accessible and available to everyone – and that’s what Bitpanda Stocks is about.
Historically, the financial system has been too complex and too restrictive. We want everyone to be able to access and manage their portfolios at a time that suits them, not the market. No matter their financial means, everyone should be able to make their money work harder. We even added the new product to our existing Bitpanda Savings feature, allowing people to save up with their preferred asset, without stress or high app usage.
Fractional investment is a very important part of this product. If users want access to tech giants or blue chips, they should not be prevented from doing so due to lack of capital. Our platform ensures that anyone can access and invest in digital assets, including companies and sectors they truly believe in – without barriers. It’s Wall Street without the walls, even when Wall Street is closed”.