Cardano, Solana, Polkadot exchange-traded product launches on Europe’s biggest stock exchange


Swiss asset manager Valour Inc, a subsidiary of DeFi Technologies Inc., has announced the launch of the trading of Valour Cardano (ADA), Valour Polkadot (DOT) and Valour Solana (SOL) on the Euronext exchanges in Paris and Amsterdam.

This was disclosed in a press release on 6th April 2022. And according to the release, the ETPs will offer retail investors secured access to Cardano (ADA), Polkadot (DOT) and Solana (SOL) tokens through their designated bank or broker. This will eliminate the need for a cryptocurrency wallet.

Also, note that these newly added ETPs will follow a list of other ETPs already available on multiple exchanges, including Uniswap (UNI),Valour Avalanche (AVAX), and Valour Terra (LUNA), coupled with ETPs for the two largest cryptocurrencies, Valour Bitcoin Zero and Valour Ethereum Zero.

ETPs are designed to ease investors into the future financial industry. While reacting to the new development, Russell Starr, the CEO of DeFi Technologies, said:

“As we continue to expand our product offerings onto new exchanges, even more people will have access to participating in an industry that is rewriting the future of the financial services industry. Investors are interested in the opportunity to get into crypto as it establishes itself, and Valour’s ETPs enable them to do that on regulated exchanges they know and trust.”

What Are Exchange Traded Products (ETPs)?

Exchange-Traded Products are mainstream investment channels that have been in existence for relatively 30 years. It, however, started gaining popularity during the 2008 financial crisis, as it was a viable option for the needed transparency in the financial industry. 

The most popular type of ETP is the exchange-traded fund (ETF). A typical example of a crypto ETF is the Purpose Bitcoin ETF, which has recently attained a record high in the number of Bitcoin (BTC) it holds after a huge injection of capital.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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