фото показано с : invezz.com

DeFi Technologies has received regulatory approval to start trading Cardano (ADA/USD) and Polkadot (DOT/USD) exchange-traded products (ETPs). The ETPs have debuted at the Boerse Frankfurt Zertificate AG through DeFi Technologies’ subsidiary firm, Valour.

The two ETPs started trading on February 14, 2021. The two products have been labelled the Valour Polkadot (DOT) EUR and Valour Cardano (ADA) EUR.

A press statement from the company said that the Valour Polkadot (DOT) EUR ETP will track the price of Polkadot. On the other hand, the Cardano (ADA) EUR ETP will track ADA’s price movement.

The announcement noted the developments that both Polkadot and Cardano have made in recent years. In the case of Polkadot, the network recently adopted the Ethereum Virtual Machine (EVM) compatibility through the Moonbeam GLMR. Hence, this ETP would track the native token of a “leading decentralized platform simple, secure, and cost-effective.” Moreover, DOT ranks as one of the top ten largest cryptocurrencies by market capitalization.

As for Cardano, Valour noted that Cardano was a leading decentralized finance (DeFi) platform. By launching a Cardano ETF, the firm said it was investing in a platform that was “cost-effective, easier and more secure.”

This is not the first time that Valor is listing crypto ETPs. The firm’s portfolio includes Bitcoin Zero, Solana (SOL), Valour Ethereum and Valour Uniswap (UNI). These products target both retail and institutional investors that want exposure to cryptocurrencies. Investing in these products also enables investors to buy their shares conveniently.

The launch of these products coincides with heightened demand for cryptocurrency products. According to the CEO of Valour, Tommy Fransson, the launch of the ADA and DOT ETPs was based on growing demand.

Fransson said,

We are expanding our product offerings in the large German market through these listings on Borse Frankfurt. In Scandinavia, where Valour Polkadot and Cardano are already listed, we have seen a big interest in these crypto assets. We look forward to empowering more investors throughout Europe to have access to leading industry ETPs.

The launch of crypto ETPs has affected the firm’s financial results. By November 2021, its assets under management (AUM) for its NGM and Frankfurt stock exchanges surpassed $370M.

The post Valour expands its crypto portfolio with two ETPs of Cardano and Polkadot appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

241 +