By John Reynolds on Wednesday 18 May 2022
In April last year, Bitpanda entered the share trading space, taking on the likes of Freetrade, Revolut and Stake, with the launch of fractionalised stocks and ETFs called Bitpanda Stocks.
Bitpanda, the cryptocurrency investment platform, says it now offers more than 2,000 fractionalised stocks and ETFs on its Bitpanda Stocks platform, doubling its asset selection a year since launch.
Founded in 2014, Bitpanda, which hit unicorn status last year, started life offering access to crypto assets.
The Vienna-headquartered digital investment platform says since Bitpanda Stocks launched, it has continually expanded its asset selection.
The expansion of asset selections means that investors can now invest in the likes of lingerie brand Victoria’s Secret, Nikola, the electric vehicle firm, Virgin Galactic, the spaceflight company, and Capcom, the video game maker, as well as financial services companies like Robinhood and BBVA.
Bitpanda says a key point of difference from rivals is that trading is allowed around the clock with a €1 minimum amount, no commission and “tight spreads”, even outside of trading hours.
Eric Demuth, Bitpanda CEO and co-founder said: “Bitpanda exists to narrow the widening gap of inequity caused by the old financial system.
"Investing in fractional stocks with any amount of money, all around the clock, is exactly about that: accessibility, flexibility and affordability. “
Earlier this year, Bitpanda acquired UK-based digital asset custodian Trustology.