Home Business Ripple (XRP) receives a listed product in Europe

Ripple (XRP) receives a listed product in Europe

Ripple (XRP) krijgt een beursgenoteerd product in Europa

Valour, a subsidiary of DeFi Technologies, will be a so-called exchange traded product (ETP) for the launch of Ripple (XRP) in Europe. The Canadian company has already released several listed crypto investment products and plans to launch the XRP ETP on a European exchange early next month.

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Growing demand for European XRP investment products

The crypto market is currently eagerly awaiting the approval of a Bitcoin (BTC) exchange traded fund (ETF) in the United States. However, an ETF and an ETP are not exactly the same thing.

An ETF is an exchange-traded index fund, while an ETP is an umbrella term for more exchange-traded products such as Exchange Traded Notes (ETNs) and Exchange Traded Commodities (ETCs).

Still, there is potential for such a product to attract capital from institutional investors and investors who would prefer not to invest in XRP directly. This can benefit the price.

According to Valour, there is increasing demand for XRP investment products in Europe and the company wants to meet this growing demand. Marco Infuso, sales manager at Valour, emphasizes:

“By adding XRP to our product range, we are meeting the growing demand for diverse investments in digital assets in the European markets. These ETPs provide European investors with access to leading cryptocurrencies and are in line with our commitment to democratize and pioneer the digital asset market for traditional investors.”

Ripple news

Ripple, which is still in dispute with the US Securities and Exchange Commission (SEC), is known for its payment network “RippleNet”, which runs on the cryptocurrency XRP.

The company has recently been increasingly focusing on so-called Central Bank Digital Currencies (CBDCs), which are crypto versions of national currencies issued by a central bank. However, much of the crypto community finds these CBDCs worrisome. They contradict the basic idea of ​​crypto and can represent a serious invasion of privacy.

Nevertheless, Ripple boss Brad Garlinghouse does not see a future in which only one coin is successful, but rather a so-called “multichain world”. With a market capitalization of no less than $33.5 billion, XRP is the fifth largest coin in the crypto market. XRP price is seeing a slight increase and is trading at $0.62 at the time of writing.

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