The Austrian company Bitpanda launches its metaverse and DeFi-themed crypto investment indices. With the introduction of four theme-based crypto indices, they continue to roll out new products despite a staffing shortfall.
These indices will allow users to invest in preset crypto portfolios. This would give access to coins and tokens concerned to the themes of DeFi, metaverse, the infrastructure, and smart contracts
“These four new Crypto Indices give people the chance to invest in areas they are passionate about. There’s no hassle, no need to constantly research new crypto projects, just a simple way for everyone to diversify their portfolios” stated co-founder and CEO Eric Demuth.
The above mentioned crypto indices will involve users to invest in projects on the basis of four themes and would follow the launch of its crypto index products.
Bitpanda’s crypto indices offer customers the opportunity for investing and exploring the crypto market.
Talking about the product launch, they offer a similar set of advantages such as auto investment in the top five, 10 or 25 top cryptocurrencies based on market size.
Last year they developed a new exchange traded note (ETN) to track the price of bitcoin.
Bitpanda’s chief product officer, Lukas Enzersdorfer-Konrad, contradicted his statement of “No mass layoffs”, three weeks before axing one third of his workforce. The drastic downsizing of the company came due to the current market crash.
Also Read: Bitpanda Acquires Trustology to Offer Crypto Custodial Service
