Home Cryptocurrency Bitpanda to allow cryptocurrency investors gain access to TradFi

Bitpanda to allow cryptocurrency investors gain access to TradFi

by Lottar


Vienna-based financial technology (fintech) company Bitpanda aims to return to ways of traditional finance (TradFi) through new offerings on its exchange platform, as reported by Cointelegraph.

Based on information by Cointelegraph, by adding commodities to its list of available investment options, Bitpanda is expected to offer its customers benefit from short-term fluctuations in traditional based methods such as oil, natural gas, wheat, among others. Bitpanda CEO Eric Demuth talked about how investor demand is impacting the line between TradFi and decentralized finance (DeFi). “People want to be able to trade multiple asset classes, and TradFi captures that idea,” added Demuth.

“TradFi has focused on expanding its accessibility, and that’s driving a convergence. There’s still a way to go [it] can claim to have the same level of usability and accessibility offered by fintechs,” said Demuth.

According to Cointelegraph, with estimates of more than 300 million cryptocurrency users for this year, traditional and DeFi merchants are expected to correlate at some point. With global institutions trying to keep up with cryptocurrency-based investments, opening trading opportunities for assets such as commodities on a digital asset exchange could provide access to traditional investments for cryptocurrency investors.

“Cryptocurrency investors tend to be involved in tradable markets. They also appreciate the simplicity offered by platforms that enable them to make investments in multiple asset classes,” said Demuth.

Additionally, Cointelegraph noted that Demuth highlighted how platforms that offer the accessibility of cryptocurrency trading, but with listings from TradFi, can increase investment opportunities. However, Demuth mentioned that these types of situations require education about the pros and cons of each asset in the financial world.

Founded in 2013, according to Cointelegraph’s website, it is a digital media resource that covers news on blockchain technology, cryptocurrency assets and emerging fintech trends.

(With insights from Cointelegraph)

Also Read: DeFi-Based NFD Sustains 99% Drop in Value After Flash Loan Attack

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