The Subsidiary of Defi Technologies’ introduced a product exchanged by the Bitcoin (ETP) exchange (ETP) exchange with the London Stock Exchange, which provides investors of crypto harvested opportunities as the UK moves toward the prevention of restrictions on digital properties.
According to In a Thursday announcement, the Bitcoin Staking ETP had 1.4% annual produce and supported by Bitcoin (Btc) held in cold storage, with security derived from Multiparty Computation (MCP) technology.
At the moment, the new Bitcoin Staking ETP is available to institutions and professional investors. The United Kingdom Will allow retail investors to buy The records exchanged by the Crypto Exchange (ETN) again on October 8, which eliminated a ban on the area since 2021.
The announcement did not specify how the yield would be formed. However, Valor has another Bitcoin ETP listed in a French exchange that relies on the coin delegation on the core chain to produce Bitcoin’s yield. The core chain is an EVM compatible with the layer-1 blockchain backed by the Bitcoin proof-of-work consent mechanism.
Shares of Defi Technologies exchanged with NASDAQ closed 5% in the news, according to data from Google Finance.
While Bitcoin itself does not form the staking yield, the holders can earn a return Through alternative avenues such as centralized lending platforms, Bitcoin Layer-2 networks such as stacks and Babylon, or by wrapping BTC in tokens such as Bitcoin wrapped (Wbtc) to participate in defi lending protocols.
Cryptocurrency Exchange Coinbase Released a Bitcoin yield fund in MayTargeting institutional investors. According to Solv Protocol co-founder Ryan Chow, the Demand for bitcoin techniques that carry bitcoin rises While companies are looking for liquidity without selling their BTC.
Bitcoin and ether (Eth) Hasbut at London Stock Exchange in May 2024.
Related: US, UK to cooperate with AI, Quantum Computing, Nuclear Energy Development
Kingdom crypto changes are so many
Recent developments suggest that the United Kingdom’s approach to cryptocurrencies can move.
On Tuesday, The Financial Times reported that the UK was Looking to increase cooperation in the United States In digital assets, Britain is seeking to boost a change in the sector.
Trade groups have even pushed the government To add blockchain technology In collaboration with the UK tech in the US.
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