Cryptocurrency exchange Bitpanda has launched its Crypto Index. The index seeks to make it easy for customers to invest in various pools of digital assets.
According to Bitpanda, the increasing demand for crypto investments was the main catalyst for launching the index. The exchange notes that there is a need for innovating solutions to make investments easier. Such solutions target customers with less experience in crypto investment.
The Crypto Index offers customers an opportunity to easily invest in a class of assets sorted based on capitalization and liquidity. According to Bitpanda:
“Users can invest in the top 5, top 10 or top 25 cryptocurrencies and have the peace of mind of not missing out on anything. That’s because each index gets rebalanced automatically once a month.”
The corresponding Bitpanda’s index offerings are classified into BCI5, BCI10, and BCI25, respectively. For example, BCI5 comprises Bitcoin, Ethereum, XRP, Bitcoin Cash, and Polkadot (DOT). By investing in it, users can automatically buy a little bit of each crypto it consists of.
According to Bitpanda, the Crypto Index offers a zero-maintenance, long-term way to build a diversified cryptocurrency portfolio. Bitpanda enables investors to establish a savings plan with the index and automate regular buys to ensure consistent growth of the portfolio.
Investors will be able to amplify their portfolio and earn BEST, Bitpanda’s native cryptocurrency. Using BEST also reduces buy, sell, swap, and rebalancing trading premiums by at least 25%.
Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.