Leading exchange traded product (ETP) company 21Shares announced today that the world’s first crypto ETP is listed in CHF, EUR and USD on Terra Blockchain. ETP, which will be traded on the stock market under the name “21Shares Terra ETP”, offers its customers an alternative ecosystem that does not need an Ethereum Virtual Machine (EVM). The CEO of the company, Hany Rashwan, shared that they follow the altcoin project closely and are excited for breaking a new ground. Accompanied by the announcement, the price of Terra (LUNA) increases its earnings to 8% for the last 24 hours.
21Shares lists the world’s first crypto ETP
Terra (LUNA) is the world’s second largest ecosystem after Ethereum with a total key value (TVL) of 18, 8 billion dollars. According to 21Shares’ official press release, “21Shares Terra ETP” will enable customers to access the Terra ecosystem without the need for an EVM. Also, the privileges of Terra and Anchor Protocol are mentioned.
- 21Shares Terra ETP provides a solution for investors looking to gain access to an alternative ecosystem that is not based on the Ethereum Virtual Machine (EVM).
- Terrafor Labs was founded in 2018 by Daniel Shin, co-founder of TicketMonster, a South Korean e-commerce platform, and Do Kwon, a former Microsoft and Apple software engineer.
- The Terra ecosystem includes DeFi infrastructure, financial instrument applications and NFT solutions. The most important innovation in the ecosystem is the DeFi solution Anchor. The Anchor protocol provides very attractive returns for investors with its borrowing and lending solutions.
- The underlying Terra Blockchain technology allows 10,000 transactions per second (TPS) and a transaction time of 2 seconds. In contrast, Ethereum processes 15-30 transactions with a transaction time of over 1 minute. Finally, the transaction cost in the series is very low.
Altcoin price reacted positively to the news
Kriptokoin.com LUNA price corrected the December-January period in the $70 region. was defending. The liquidity token, which fell 24.04% below its $103.33 ATH, brought its gains close to 10% in the last 24 hrs following 21Shares’ announcement. Terra (LUNA) is trading at $78.06 at the time of writing.