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The world’s first ETP ADA and XLM launched on 21Shares AG by CoinQuora


The world’s first ETP ADA and XLM will launch on 21Shares AG

  • 21Shares AG launches the world’s first $ ADA and $ XLM product ETP.
  • The design of the ETP is to reproduce the performance of an underlying content.
  • The ETP structure is 100% collateralized, the AXLM and AADA have a 2.5% base fee per annum.

Switzerland-based 21Shares AG has announced that it will soon launch the world’s first $ ADA and $ XLM (ETP) exchange trading products. It will be available on the Swiss stock exchange (SIX Swiss Exchange). Also, consider one of the pioneers in issuing cryptocurrency ETP.

The design of the ETP is to reproduce the performance of an underlying content. It is an interest-free, collateralized loan guarantee.

According to the 21Shares press release, the Swiss company is promoting these two ETPs (AADA and AXLM). In response to the recent increase in interest in these assets – on April 26.

This article was first published on coinquora.com

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