Groww launches commodities trading, urges caution amid metal price volatility

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As online investment platform Groww expands its product suite to hedge its dependence on its core futures and options (F&O) revenue, it has rolled out commodities trading for all users.

This is expected to comprise 5-8% of Groww’s broking revenues. Brokerage firms across the industry typically earn less than 10% of their revenues from commodities trading.

In a post on LinkedIn, cofounder Harsh Jain said that commodities trading, which allows retail investors to trade in gold, silver, and other commodities on the platform, had been one of the most…



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Groww launches commodities trading, urges caution amid metal price volatility



As online investment platform Groww expands its product suite to hedge its dependence on its core futures and options (F&O) revenue, it has rolled out commodities trading for all users.

This is expected to comprise 5-8% of Groww’s broking revenues. Brokerage firms across the industry typically earn less than 10% of their revenues from commodities trading.

In a post on LinkedIn, cofounder Harsh Jain said that commodities trading, which allows retail investors to trade in gold, silver, and other commodities on the platform, had been one of the most…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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