XRP ETP trading begins on the Swedish Stock Exchange

Valor announced this in a press statement on Thursday on its official website. According to the statement, Valor has placed two new cryptocurrency ETPs on the Nordic Growth Market, including XP and Binance (BNB).

This happened a few months after Valour, a subsidiary of DeFi Technologies, first announced its intention to place an XRP ETP.

In addition, the notification stated that the trading of the newly registered XRP ETP, Valor Ripple (XRP) SEK, began on February 21, 2024.

The company emphasized that the Valor Ripple (XRP) SEK ETP (ISIN: CH1161139584) will allow investors to easily and securely access XRP through their bank or broker.

In addition, Valor stressed that the market capitalization of XRP is $29.57 billion, which ensures its position as the sixth largest cryptocurrency in the world. The company emphasized the key role of XRP in providing fast and cost-effective intercontinental money transfers.

Moreover, Valor emphasized the function of XRP as a bridge asset in the Ripple payment network, providing seamless currency exchange on a global scale.

Given its wide usefulness, Valor noted that XRP has become the preferred option for financial institutions looking for effective alternatives to traditional cross-border payment mechanisms.

Valor also noted that BNB's market valuation is $54.64 billion, making it the fourth most important cryptocurrency.

In addition, the company emphasized the role of BNB in facilitating the payment of trading commissions on the largest cryptocurrency trading platform Binance, which has stimulated a significant increase in interest over the years.

Olivier Roussy Newton, CEO of DeFi Technologies, said:

"Valour has recently added Ripple (XRP) and Binance (BNB) exchange-traded products (ETP) to its line of investment offerings. This step is an important step in realizing the company's mission to provide simple and affordable investment options in digital assets, making it easier for investors across Europe to invest in these cryptocurrencies."

Source: https://xrp-buy.ru/novosti/na-shvedskoj-fondovoj-birzhe-nachinaetsja-torgovlja-xrp-etp/