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wHaT in the actual heck is going on with all these new ETPs and DEFI products?! 🚀🔥 Do these
this ETP launch by 21Shares for Dydx marks a significant milestone in bridging traditional finance with DEFI: the move reflects a growing trend
dydx etp launch by 21shares taps into the growing demand for crypto derivatives among institutional investors: as traditional exchanges like kraken, cboe
21Shares, a Swiss-based firm, launched the first fund tied to Dydx, a decentralized exchange specializing in perpetual futures. Dydx has processed over $1.4 billion in cumulative trading volume and offers more than 230 perpetual markets. The Treasury Subdao Dydx supports the product, which is physically backed by KPK, a decentralized financial treasury (DEFI) director. This move aims to provide institutions access to Dydx via an exchange-traded product (ETP), leveraging traditional financial asset infrastructure. 🚀🔗
The launch of the DYDX ETP aligns with the expansion of traditional and centralized crypto exchanges offering cryptographic derivatives. Kraken, CBOE, and Bitget have all made significant moves in this space. Kraken’s derivative platform, CBOE’s upcoming Bitcoin and Ether futures, and Bitget’s growing volume of derivatives trades highlight the increasing demand for crypto derivatives in the market. 💰📈
https://altcoin.observer/21shares-launches-the-first-etp-dydx-for-institutional-investors/
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