Bitpanda Reveals New Crypto Index for New Investors

Bitpanda, the self-described “leading investment platform” has revealed the launch of its Bitpanda Crypto Index (BCI), an “easy, automated way for anyone interested in cryptocurrencies to invest in slices of the crypto market,” according to a press release.

Bitpanda is working to “design a product for people interested in a hands-off approach to crypto investing.” It will offer users a variety of Indices: the BCI5, the BCI10, and the BCI25. These indices auto-invest in the top 5, 10, and 25 cryptocurrencies, rated on their liquidity and market size, the release notes.

The idea is to provide a diversified portfolio for those new to the space, simplifying the process for those who may not be versed in cryptocurrency.

Speaking on the matter is Eric Demuth, the co-founder and CEO of Bitpanda, who said:

“With the Bitpanda Crypto Index, our first regulated product, we‘re proud to be launching a game-changer that brings the world one step closer to the mass adoption of cryptocurrencies. The key to doing this is removing complexity from crypto investing and that’s just what we’ve done. Apart from making crypto investments super easy, our Indices will help you build a diversified portfolio of assets by tracking the market as a whole. Think of it as a more grown-up, guess-free version of crypto investing. When the market changes – so does the Index – swapping out assets each month to maintain investments. It’s a hands-off, stress-free approach to crypto investing.”