Bitpanda is expanding into areas beyond digital assets, offering stocks and exchange-traded funds (ETFs) on the same platform, driving its move towards what is called a universal exchange model.
#Bipanda According to an announcement released by Cointelegraph on Tuesday, starting from January 29, the Vienna-based crypto exchange will open approximately 10,000 stocks and ETFs. Bitpanda stated that this move will allow users to trade traditional financial products alongside cryptocurrencies within a single application.
The company stated that trading of stocks and ETFs will be priced at a fixed fee of 1 euro (equivalent to 1.17 US dollars) per transaction, with no additional order flow, custody, or withdrawal fees. Bitpanda claims that this launch is part of an effort to simplify cross-asset class investing.
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