21Shares Introduces dYdX ETP for European Investors
- 21Shares has launched a new ETP providing access to decentralized derivatives on dYdX in France and the Netherlands.
- The ETP is fully physically backed and tracks the price dynamics of the DYDX token.
- In July, dYdX reported $7.7 billion in trading volume with around 15,000 weekly active traders.
- Charles d’Ossy, CEO of dYdX Foundation, described the ETP launch as a game changer for institutional investors.
This new ETP allows institutional investors to access advanced technology from dYdX, significantly enhancing their participation in crypto derivative markets. The initiative is expected to foster broader adoption and innovation within financial sectors.
With $7.7 billion in trading volume reported by dYdX, this ETP represents a significant step for institutional engagement in decentralized finance.(Source)
