Cardano, Polkadot and Solana Debut on Europe’s Largest Exchange Today

As interest in cryptocurrency exchange-traded products (ETPs) grows, three such products have recently arrived on Europe’s largest stock exchange, increasing the exposure of digital assets to investors.

Specifically, Swiss asset manager Valor Inc., a subsidiary of DeFi Technologies Inc., has started trading Valor Cardano (ADA), Valor Polkadot (DOT) and Valor Solana (SOL) on the Euronext exchanges in Paris and Amsterdam. April 6. , fintech announcement in a press release shared by PRNewswire.

According to the announcement:

“ETPs will allow retail and institutional investors to gain exposure to ADA, DOT and SOL tokens simply and securely through their bank or broker.”

In other words, investors will be able to access native tokens from the Cardano, Polkadot, and Solana networks securely and more easily, without having to go through the process of opening a crypto wallet.

It should be noted that the recent ETPs are the newest addition to Valor’s list of products trading on multiple exchanges, including Valor Uniswap (UNI), Valor Avalanche (AVAX) and Valor Terra (LUNA), as well as its flagship Valor Bitcoin Zero and Valor Ethereum Zero Products.

ETPs expose investors to the industry of the future

DeFi Technologies CEO Russell Starr explained that:

“As we continue to expand our product offerings on new exchanges, even more people will have access to participate 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 becomes established, and Valor’s ETPs allow them to do so on regulated exchanges they know and trust.

Elsewhere in February, Finbold reported that ETPs Polkadot and Cardano had received clearance to trade on Boerse Frankfurt Zertifikate AG (Frankfurt Stock Exchange) via Valour.

Exchange-traded products are traditional investment vehicles that have been around for 30 years, only gaining investor attention during the 2008 financial crisis and the resulting demand for more transparency.

The most popular type of ETP is the exchange-traded fund (ETF) and an example of a crypto ETF is the Purpose Bitcoin ETF, which recently hit an all-time high in the number of Bitcoins it holds after a huge injection of capital.

In the case of cryptocurrencies, ETPs provide investors with exposure and new opportunities arising from access to decentralized finance (DeFi).

Meanwhile, the native tokens of the three mentioned networks have seen price declines over the past 24 hours, with ADA down 4.69%, DOT down 5.97% and SOL down 5.49% against the previous day, according to data from CoinMarketCap.

Mary I. Bruner