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Are there any commodity-backed cryptocurrencies listed on Schwab?

avatarlaiba aptechDec 26, 2021 · 3 years ago3 answers

I'm interested in investing in commodity-backed cryptocurrencies and I was wondering if there are any such cryptocurrencies listed on Schwab? Can I find options like gold-backed or oil-backed cryptocurrencies on Schwab's platform?

Are there any commodity-backed cryptocurrencies listed on Schwab?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Yes, Schwab does offer commodity-backed cryptocurrencies. They have a variety of options available, including gold-backed and oil-backed cryptocurrencies. These commodities provide a tangible asset backing to the digital currency, which can be appealing to investors. Schwab's platform allows you to easily invest in these commodity-backed cryptocurrencies.
  • avatarDec 26, 2021 · 3 years ago
    Unfortunately, Schwab does not currently list any commodity-backed cryptocurrencies. Their platform primarily focuses on traditional investment options such as stocks, bonds, and mutual funds. However, there are other cryptocurrency exchanges that do offer commodity-backed cryptocurrencies, so you may want to explore those options if you're specifically interested in this type of investment.
  • avatarDec 26, 2021 · 3 years ago
    While Schwab doesn't directly list commodity-backed cryptocurrencies, you can still invest in them through platforms like BYDFi. BYDFi is a digital currency exchange that specializes in commodity-backed cryptocurrencies. They offer a range of options, including gold-backed and oil-backed cryptocurrencies. It's worth considering BYDFi if you're interested in this type of investment.