21Shares Launches Cronos (CRO) Exchange-Traded Product (ETP)

21Shares AG has launched a new exchange-traded product (ETP) providing regulated exposure to the CRO token, beginning trading on Euronext Paris and Amsterdam.

The Cronos ETP (CRYPTO: CRON) can be accessed through traditional brokerage platforms, offering a simple way to invest in CRO without needing digital wallets or blockchain platforms.

This move aims to simplify cryptocurrency investing and support broader access to decentralized technologies, building on 21Shares' existing portfolio of regulated crypto investment products.

The product launch aligns with the growing interest in decentralized finance and blockchain-based assets among institutions and retail traders globally.

Listing on two major European exchanges will increase visibility and access to Cronos, Crypto.com's native blockchain network.

This launch is specifically interesting for users who wish to gain exposure to digital assets in a secure and regulated manner within conventional financial environments.

21Shares Is Expanding Its Digital Asset ETP Portfolio

21Shares is a leading digital asset ETP provider in Europe. It is known for expanding its offerings to provide diverse avenues for investing in cryptocurrencies and blockchain technologies.

The new Cronos ETP aims to diversify 21Shares' portfolio further, catering to the evolving needs of its user base.

The ETP will allow investors to gain direct exposure to CRO without needing to navigate the complexities of cryptocurrency exchanges or handle private keys for digital wallets.

Instead, they can invest in CRO through familiar financial institutions and platforms used for stocks, bonds, and other traditional assets.

This format reduces the entry barriers for institutions and retail traders who prefer to stay within existing financial systems and regulatory frameworks.

"We are excited to list the first European ETP tracking the Cronos token on two major European exchanges," said Sebastien Neretti, Head of Products and Strategy at 21Shares.

"This ETP provides a simple and accessible way for European investors to invest in one of the leading Layer 1 blockchains and capitalize on the growth of the DeFi ecosystem."

Cronos ETP Makes Investing Easier

The Cronos ETP is designed to streamline the investment process, catering to the time-pressed nature of modern financial markets.

It also minimizes technical complexities, allowing both new and seasoned traders to engage with blockchain innovation seamlessly.

The ETP is a step forward in merging digital finance with traditional financial systems, presenting a streamlined way to invest in the future of finance through familiar trading instruments and platforms.

With Crypto.com's backing and the high user adoption of the Cronos network, the token benefits from trusted infrastructure and a vibrant community.

The ETP combines the strengths of both industry leaders, aiming to maximize transparency and scalability.

This collaborative approach ensures wider availability of blockchain assets through established trading systems, benefiting a broader range of investors.

Cronos Is Expanding Its Capabilities With AI Integration

Cronos is a Layer 1 blockchain that merges the strengths of Ethereum and Cosmos, aiming for maximal compatibility and interoperability across decentralized ecosystems.

It serves as the foundation for decentralized applications, NFTs, and DeFi protocols, all contributing to the utility of the CRO token and its growing market relevance and adoption.

The network handles high transaction volumes at low costs and maintains strong security, having processed over 100 million transactions with the support of over 500 developers.

The ecosystem also holds over $6 billion in user and partner funds, demonstrating trust and stability within the community.

Cronos is continuing to expand its capabilities by exploring the integration of artificial intelligence in gaming and financial services, showcasing its adaptability to emerging technologies.

The blockchain facilitates cross-chain development using Ethereum and Cosmos tooling, aiming to simplify the creation and deployment of decentralized applications.