Advertisement
AD

Main navigation

XRP Breaks Ground in Europe: Explosive Debut of Exchange Product Set for December 2023

Advertisement
Thu, 23/11/2023 - 9:06
XRP Breaks Ground in Europe: Explosive Debut of Exchange Product Set for December 2023
Cover image via www.freepik.com
Read U.TODAY on
Google News

DeFi Technologies, at the forefront of crypto innovation, has disclosed its subsidiary, Valour's, bold initiative to unveil the XRP ETP on the European market next month. This move not only denotes a substantial diversification of product offerings but also strategically addresses the surging appetite for crypto asset investments within Europe.

Advertisement

Related
XRP Price History Hints at 82% Increase in December, But There's a Catch

The impending XRP ETP is poised to provide investors with a straightforward and secure avenue to access XRP, the linchpin of the crypto market, directly through their bank or broker.

XRP goes mainstream

Currently commanding a market cap of $32.7 billion, XRP proudly secured fifth place among all digital assets worldwide. Renowned for its role as a bridge in facilitating swift and cost-effective international money transfers within Ripple's ecosystem, XRP stands as the desired choice for financial institutions seeking efficient alternatives to traditional cross-border payment methods.

The imminent introduction of Valour's XRP ETP adds an exciting dimension to the continually expanding market for exchange-traded products linked to XRP. Existing solutions from the likes of CoinShares, 21Shares and ETC Group have already contributed significantly to the growing popularity of XRP-focused investment products.

Related
XRP Case: SEC Announces Private Meeting, Investors Await Ripple Lawsuit Settlement

In the ongoing year of 2023, XRP ETPs have attracted a noteworthy $13 million in inflows, accumulating an impressive $68 million in assets under management — the second highest among altcoin-oriented ETPs, trailing only behind Solana (SOL).

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles