21Shares AG has launched the 21Shares dYdX ETP (ticker: DYDX) on Euronext Paris and Euronext Amsterdam, providing European investors access to decentralized derivatives. With a fee of 2.5%, the ETP tracks the performance of DYDX, a decentralized exchange offering perpetual future contracts. dYdX has 15,000 weekly active traders, $7.7 billion in trading volume in July, and distributed $50 million in real USDC to users. The ETP is part of 21Shares’ growing lineup of 48 crypto-asset ETPs and $11bn in assets under management. The move aims to offer investors innovative products in the decentralized derivatives space.

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