DeFi Technologies (OTCMKTS:DEFTF) Stock Pulls Back After The Recent Jump

September 21, 2021September 21, 2021 Pete Matthews DeFi Technologies Inc. (OTCMKTS:DEFTF), DEFTF, DEFTF news, DEFTF stock, OTCMKTS:DEFTF

The decentralised finance space in the cryptocurrency sector has grown in importance by leaps and bounds in the past year or so. At this point, DeFi Technologies (OTCMKTS:DEFTF) is an important player in that space but on Monday the company’s stock fared poorly and slumped by as much as 15% amidst a heavy selloff.

However, there was a significant developments yesterday considering the announcement made by its subsidiary company Valour Inc. Valour announced that its ETFs or Exchange Traded Products are going to be listed on the Borse Frankfurt Zertifikate AG imminently. Valour is primarily involved with investment products centred on digital assets and the latest announcement was a positive one.

However, investors did not really take the news in the same spirit and the DeFi stock experienced a selloff. Valour also noted that on Friday October 1 this year, trading is going to start for Ethereum Zero and Bitcoin Zero on the Frankfurt Stock Exchange, which is currently one of the biggest stock exchanges in the world. Not long after the launch of those two products, Valour is going to launch Polkadot ETP, Valour Cardano ETP and Solana ETP. It now remains to be seen if the DeFi stock can make a recovery today.

Pete Matthews

Pete attended the University of Colorado and still calls the centennial state home. He chases trout in the summer and snowboards in the winter. He is fascinated with the markets and has a strong interest in nanocap stocks and crypto currency.