The 21Shares dYdX ETP (ticker: DYDX) has launched on Euronext Paris and Amsterdam, giving European investors streamlined access to one of the fastest-growing decentralized derivatives markets.
Backed 1:1 with DYDX, the governance token of the dYdX protocol, the product offers direct exposure to a DEX known for its dominance in perpetual futures trading. Perpetual contracts, allowing traders to bet on crypto prices without expiry, have made dYdX a global leader in high-leverage markets.
With this launch, 21Shares aims to bridge decentralized innovation with traditional finance, offering institutions and individuals a regulated gateway into digital asset trading.
What is Special About dYdX?
With over 15,000 weekly active traders and $7.7 billion in trading volume in July alone, dYdX has become a leader in the cryptocurrency derivatives market. The platform boasts a remarkable 20% market share in decentralised perpetuals.
This is because it has enabled over $1.5 trillion in total trade since its launch. With approximately $50 million disbursed to users in 2025, dYdX offers actual, recurring returns in USDC stablecoin.
This is in contrast to competitors that rely on inflationary incentive models. This promotes healthy growth, deflationary tokenomics, and sustainable long-term yield.
Moreover, DYDX aims to provide institutional-grade speed, fee efficiency, and transparent governance, all of which are achieved by token holders. This makes it an alluring investment prospect for both retail and institutional participants. Furthermore, dYdX recently launched its own Layer-1 blockchain, the dYdX Chain.
21Shares Extends European Footprint
The addition of the DYDX ETP to 21Shares’ product line strengthens the company’s standing as a leader in regulated cryptocurrency investment products. There are currently 48 crypto-asset ETPs in Europe, totalling $11 billion in assets under management.
The platform’s seven-year history of producing transparent, affordable ETFs, aided by specialised research, in-house technology, and alliances with significant financial players, is the foundation of its strong growth.
The product is tradable in EUR or USD and has a 2.5% management fee. This makes it consistent with the company’s dedication to investor choice and accessibility.
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