Valour, the UK subsidiary of DeFi Technologies, has made a significant stride in the cryptocurrency market by obtaining regulatory approval from the Financial Conduct Authority (FCA) to offer crypto exchange-traded products (ETPs) to retail investors on the London Stock Exchange, as stated in the official source.
New Products Approved for Bitcoin and Ether Staking
The newly approved products, which focus on Bitcoin and Ether staking, commenced trading on Monday, marking a pivotal moment for retail investors seeking exposure to digital assets. Johan Wattenström, chairman and CEO of DeFi Technologies, emphasized that this approval enhances their capacity to provide UK retail investors with transparent and exchange-listed products, facilitating easier access to the dynamic digital asset economy.
Impact of FCA's Decision on Retail Investors
Previously, Valour had limited its Bitcoin staking ETP to professional investors, but the FCA's recent decision to lift the ban on crypto ETPs for retail investors has created new avenues for growth. This development aligns with Valour's ongoing expansion efforts, including:
- the launch of an ETP linked to Solana in Brazil last December
- showcasing the company's commitment to broadening its product offerings in the evolving cryptocurrency landscape
Valour continues to adapt to the changing market.
Recently, CoinTerminal introduced a new lottery system aimed at democratizing access to early-stage investment opportunities, contrasting with Valour's recent regulatory approval for crypto ETPs. For more details, visit read more.
