Crypto investment firm 21Shares has launched Bitcoin (BTC) ETP services on UAE-based Nasdaq Dubai.
21Shares, which provides investment and brokerage services in the field of cryptocurrencies, continues its global expansion efforts. ETP products of the company, which also started its services in the Middle East, were listed on Nasdaq Dubai. The company, which recently raised $25 million, with an appraisal of $2 billion, offers 46 different products.
Dubai Is On Its Way To Become A Bitcoin Hub
The Middle East Manager of the company, Sherif El-Haddad, stated that they continue to work for the UAE and other Gulf countries. Interested in the expansion of the company, Haddad noted that the Middle East is an important location for the crypto market. According to Haddad, Bitcoin could do well in this region.
21Shares co-founders Hany Rashwan and Ophelia Snyder have stated that they want to expand in the Middle East side besides Europe and Asia. The Bitcoin ETP service launched by the company stood out as the second study in Dubai. Previously, 3iQ company launched ETF services.
Dubai continues to work in the crypto space. Dubai, which has been working hard on Bitcoin and the metaverse, wants to strengthen the digital economy.
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