21Shares, crypto ETPs provider, has launched the 21Shares DYDX ETP, offering institutional investors a secure, regulated way to invest in DYDX, the token powering the dYdX Chain. This new product is designed to provide compliant exposure to the DeFi derivatives market. It is backed by the dYdX Treasury subDAO and its operator, kpk. dYdX is a decentralized derivatives protocol that has processed over $1.4 trillion in trading volume. The 21Shares DYDX ETP bridges the gap between TradFi and DeFi, making it easier for institutional investors to enter the growing on-chain derivatives market. 21Shares led the development of the product, managing regulatory approvals and ensuring it meets the requirements for institutional trading. Image: Freepik