Switzerland based on 21shares, one of Europe’s largest issues of crypto exchange exchange products, launched a first fund tied to DYDX, a decentralized exchange (DEX) that specializes in eternal futures.
According to an announcement distributed with Cointelegraph, DYDX processes more than $ 1.4 trillion in combined -joint trading volume and list of more than 230 eternal markets. The DYDX Treasury Subdao supports the physical -back product through a decentralized financial treasury manager (DEFI), KPK.
By positioning DYDX within a regulated exchange-traded product (ETP), 21shares said it creates an on-ramp for institutions.
“This launch represents a moment of milestone in the DeFI’s adoption, allowing institutions to access DYDX through ETP wrapper -using the same infrastructure used for traditional financial properties,” Mandy Chiu, head of financial development leader in 21shares, said the statement.
Strengthening, or locking tokens to help secure a blockchain network in exchange for rewards, will be added shortly after the launch, a 21shares spokesman said to the cointelegraph. “Introducing DYDX Staking and an auto-compounding feature-which generates auto-compound rewards in DYDX token buybacks.”
Release is also structured Dydx’s Expansion Roadmap.
The 21shares DYDX ETP will be launched in Euronext Paris and Euronext Amsterdam under the DYDX ticker symbol.
Related: Hyperliquid token gets institutional accessing with new 21shares ETP
Kraken, Cboe and Bitget Highlight Demand for Crypto derivatives
Launching the DYDX ETP has come because both traditional and centralized crypto exchanges expanded their crypto derivatives offering -financial contracts to let entrepreneurs think about the price of digital ownership without the owner of them directly.
In the US, Kraken launched the CFTC’s derivatives’ derivatives regulated in July following a $ 1.5 billion retrieval of Futures Broker Ninjatrader. The The platform provides derivatives Access to futures listed in CME.
On Tuesday, Cboe. The contracts are listed in the CBOE Futures Exchange and are designed as single, long-dated products with 10-year expiration.
https://www.youtube.com/watch?v=ndkoqwegfgw
CBOE said the contracts were modeled on the eternal style of futures leading to overseas markets but had not been available in a US regulation setting to date. The exchange described them as providing institutional and retailing long-term crypto exposure within a central cleared, intermediated framework.
Meanwhile, Bitget, a Singapore -based cryptocurrency exchange, reported $ 750 billion in volume of derivatives for August, carrying its combined -with its total $ 11.5 trillion since launch.
The exchange ranked in the top three global futures areas for Bitcoin and Ether Open Interest in the Moon, with BTC futures of over $ 10 billion and the ETH open interest trending above $ 6 billion.
The first regulated crypto derivatives were launched in December 2017, when the CBOE and CME Introduced Cash-Setled Bitcoin Futures. While CBEE came out on the market in 2019 Due to low volume, CME contracts have grown to dominate US crypto derivatives.
Open interest in crypto derivatives, the total amount of active futures and forever contracts held by entrepreneurs, are currently about $ 3.96 billion in future and $ 984 billion eternal, according to CoinmarketCap data.
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