21Shares, crypto ETPs supplier, has launched the 21Shares DYDX ETP, providing institutional traders a safe, regulated technique to spend money on DYDX, the token powering the dYdX Chain. This new product is designed to supply compliant publicity to the DeFi derivatives market. It’s backed by the dYdX Treasury subDAO and its operator, kpk.
dYdX is a decentralized derivatives protocol that has processed over $1.4 trillion in buying and selling quantity. The 21Shares DYDX ETP bridges the hole between TradFi and DeFi, making it simpler for institutional traders to enter the rising on-chain derivatives market.
21Shares led the event of the product, managing regulatory approvals and making certain it meets the necessities for institutional buying and selling.
Picture: Freepik
