- Valour’s (DEFI) Binance Coin exchange-traded product (ETP) is now trading on the Börse Frankfurt
- Binance Coin, or BNB, is the native token of the BNB Chain, which is a decentralized, open-source, multi-chain platform at the cutting edge of crypto development
- BNB is currently the fifth-largest cryptocurrency in the world
- Valour’s suite of ETPs offers diversified exposure across cryptocurrencies and decentralized finance
- Valour (DEFI) is down by 5.88 per cent trading at $0.40 per share
Valour’s (DEFI) Binance Coin ETP is now trading on the Börse Frankfurt.
The ETP tracks the price of BNB – the native token of the BNB Chain – which facilitates transactions and serves as a governance token for the network.
BNB Chain is a decentralized, open-source, multi-chain platform catalyzing the growth of MetaFi, which includes decentralized finance, GameFi, SocialFi, the Metaverse, Web 3.0 and NFTs.
BNB is currently the fifth-largest cryptocurrency by market cap at C$62.7B as of August 24, 2022.
Valour’s fully hedged digital asset ETPs are available across Europe and include Uniswap, Cardano, Polkadot, Solana, Avalanche, Cosmos and Enjin. Its flagship Bitcoin and Ethereum ETPs are the first to offer the digital assets without an ongoing management fee.
“BNB is a dynamic digital asset,” stated Russell Starr, CEO of Valour. “I am confident that our low-fee model will drive interest in our Valour (BNB) ETP as more investors seek to diversify with digital assets.”
Valour’s suite of ETPs offers diversified exposure across cryptocurrencies and decentralized finance.
Valour (DEFI) is down by 5.88 per cent trading at $0.40 per share as of 1:29 pm EST.
