You can now also invest in stocks on Bitpanda

In addition to Bitcoin and Co., Bitpanda users can now also invest in stocks and ETFs – and by the way, the company is becoming a unicorn.

Investing is only for professionals and gamers? Are you kidding me? Are you serious when you say that! True to this motto, the Austrian neobroker is developing Bitpanda to a serious player in the German-speaking fintech area. Bitpanda is now expanding its dominant position once again. Because from now on customers can invest in the stock market in addition to crypto currencies and precious metals. As the Viennese company writes in a press release, trading in tokenized stocks and ETFs on the platform will start at 9 a.m. today. Accordingly, customers can now invest in 50 companies, including big players such as Amazon, Alphabet, Facebook and Netflix, as well as in seven ETFs such as the S&P 500. “Another thousand” options are to follow soon.

However, investors do not hold the share itself, but a digital securitization of it. The base value is held by Bitpanda’s custodian bank, BNP Paribas. Due to the derivative structure, users do not have the typical shareholder rights such as voting rights or the right to dividends. When asked, we were told that users will in fact receive dividends if they are paid out.

Thanks to the special structure as a derivative securitization, investors can also invest in partial shares – and that for as little as one euro. With titles like Alphabet, which is currently trading at $ 2,293, that’s a big argument. In addition, Bitpanda does not take any trading commission, but only slashes the spread of around 0.5 percent.

Fair opportunities for everyone

For Bitpanda, the launch of the new division is a big step towards the democratization of the financial sector. After all, the Vienna-based neobroker started with the aim of lowering the barriers to entry into the world of investing.

We started Bitpanda with the idea that everyone should have equal access to the financial world. You don’t have to belong to an elite group, you should be able to invest – no matter how high your account balance is. […] After the crypto industry, we have now taken on Wall Street and created something unique in Europe: With Bitpanda Stocks everyone can – even outside of traditional trading hours – […] and invest in your favorite companies with no fees for as little as 1 euro.

says CEO and Co-Founder Eric Demuth to BTC-ECHO.

Just recently, the company was valued at $ 1.2 billion, joining the ranks of unicorns. Well-known venture capitalists such as Valar Ventures were among the investors in the last $ 170 million financing round.

Bitpanda originally made a name for itself as a pure Bitcoin broker, but has steadily expanded its range. In addition to classic crypto trading, the company also offers features such as savings plans or trading in precious metals such as gold. If you want to know more: In our guide, we put Bitpanda through its paces.