This week in DeFi saw significant events including the launch of new products and achieving new milestones.
New ETPs by 21Shares
21Shares has unveiled four new cryptocurrency exchange-traded products (ETPs) for Pyth Network, Ondo Finance, Render Network, and NEAR Protocol. These products, available on major European exchanges like Amsterdam and Paris, are fully backed by their respective tokens, providing investors with streamlined access to these emerging digital assets.
ZA Bank's First Retail Crypto Trading
Hong Kong's ZA Bank has launched retail cryptocurrency trading, becoming Asia's first bank to allow customers to trade Bitcoin and Ethereum via its app. Partnering with licensed crypto exchange HashKey, the service leverages HashKey Pro to ensure secure transactions for retail investors.
Developments from Sol Sniper and Valour
Sol Sniper, an NFT analysis platform on Solana, has introduced SniperX, the first memecoin trading bot for X (formerly Twitter), allowing traders to buy, sell, and track memecoin data directly on their X timeline. Valour, a DeFi Technologies subsidiary, launched the first Dogecoin-focused product in the Nordic region, providing investors a regulated and simple way to access the popular memecoin.
These events highlight the rapid development of the DeFi and cryptocurrency industry, offering new opportunities to investors and users worldwide.
