ETC Group has announced that its popular altcoin XRP-backed ETC has been listed on Deutsche Börse Xetra, one of the leading European exchanges. Here, ETC stands for Exchange traded cryptocurrencies.
ETC Group launches a product based on altcoin XRP
ETC Group, one of the largest suppliers of institutional-grade digital asset-backed securities, is one of the European exchange-traded cryptocurrencies (ETC). ‘s) expanded its portfolio and added XRP to its ranks. XRP will join the company’s group of enterprise-grade crypto exchange-traded products (ETPs), including Bitcoin, Ethereum, Solana, Cardano, Polkadot, Litecoin, Avalanche and Cosmos, Polygon and Uniswap traded on Xetra.
The product is available under the GXRP ticker. With the launch of XRP-backed ETC on Xetra, the company plans to provide convenience to its customers in Europe. Bradley Duke, Founder and CEO of ETC Group, commented:
Ripple is fast becoming a leader in global payment systems with hundreds of financial institutions choosing the company to provide better international payments experience to their customers in real time. By offering this latest ETC to our expanding portfolio of high-quality, physically-backed digital assets, we continue to expand our offerings to investors, providing access to an increasingly broad range of digital currencies and assets, particularly those with large market caps.
XRP latest state
XRP is one of the most valuable cryptocurrencies in the world. According to the latest data from Coinmarketcap, XRP is the 6th largest cryptocurrency with a market cap of over $34.5 billion. However, Ripple behind XRP is in a legal battle with the US Securities and Exchange Commission (SEC), as we have previously reported as Cryptokoin.com. Ripple CEO Brad Garlinghouse pointed out that despite the protracted litigation, the company is experiencing “record growth” outside the US. The uptake of RippleNet’s ODL service in the Asia Pacific (APAC) and Middle East (MENA) region continues to grow in response to growing demand for fast payments and instant access to funds.
7044
