Connect with us

Hi, what are you looking for?

21.co
21.co

Cryptocurrency

Crypto.com and 21.co are working together to make bitcoin more liquid

Crypto.com has teamed up with 21.co to improve the liquidity of Bitcoin for its Wrapped Bitcoin (21BTC) users, with a focus on the Ethereum and Solana communities. The goal of this strategic relationship is to improve the services that are available to clients and let them get the most out of their idle Bitcoin across various blockchain networks. The relationship focuses on making the market safer and easier for both individual and institutional buyers. It also has plans to work together in the future.

Crypto.com and 21.co, the parent company of digital asset manager 21Shares, have announced a new agreement to make it easier for users of 21.co’s Wrapped Bitcoin (21BTC) to buy and sell Bitcoin. The goal of this partnership, which was announced on October 7, is to make 21.co’s exchange-traded products (ETPs) better by using Crypto.com’s trading options.

President and COO of Crypto.com, Eric Anziani, said that this partnership shows how the exchange’s high liquidity can help new businesses like 21.co. Retail and business clients who want to buy and trade in the crypto space will have an easier time with the integration.

The partnership includes Chainlink’s proof of reserve, which makes deals more open and safe for buyers. It also offers liquidity for Bitcoin transactions. Users can safely use their Bitcoin on different blockchain sites with this feature.

With the start of 21BTC on the Ethereum blockchain on September 3, this strategic union fits in with 21.co’s plans to add more wrapped tokens to its collection, which already includes assets like Avalanche, Polkadot, and Solana. The goals of both companies are to make investments easier to get into and to encourage the use of wrapped tokens in decentralized finance (DeFi) apps by increasing liquidity.

We think that the partnership will help the standard banking and DeFi markets offer more new products and work together more easily. With more than 100 million users, Crypto.com will also make 21.co’s goods more visible and easy to access, which will help both businesses in their quest for new ideas in the digital asset sector.

author avatar
Alex
Formally freelance blogger Alex is passionate writer with interest in Finance and Business, fascinated about crypto following news and covering stories.
Advertisement

You May Also Like

Cryptocurrency

The increasing prevalence of crypto hacks and regulatory pressures has sparked a surge in self-custody adoption, with investors turning to secure hardware wallets for...

Cryptocurrency

President-elect Donald Trump is expected to sign an executive order, perhaps on his first day of office, making bitcoin a national priority. The move...

Cryptocurrency

The SEC has filed an appeal, disputing a court decision that XRP sold to individual investors is not an unregistered security. The regulator claims...

Cryptocurrency

Donald Trump's crypto company, World Liberty Financial, made a bold $48 million Ether acquisition as the currency gains traction versus Bitcoin. The move has...

polkadot
Polkadot (DOT) $ 6.54 4.23%
bitcoin
Bitcoin (BTC) $ 104,483.99 2.60%
ethereum
Ethereum (ETH) $ 3,276.34 2.72%
cardano
Cardano (ADA) $ 0.994786 2.98%
xrp
XRP (XRP) $ 3.18 1.26%
stellar
Stellar (XLM) $ 0.431832 5.03%
litecoin
Litecoin (LTC) $ 117.03 4.60%