Tech
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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