- 21.co and Crypto.com have introduced a strategic partnership geared toward enhancing the liquidity of the wrapped Bitcoin token 21BTC.
- The partnership additionally goals to enhance the accessibility of the token.
Crypto.com and 21.co, the father or mother firm of 21Shares, have introduced a strategic partnership that may see the latter enter the crypto change to energy Wrapped Bitcoin (21BTC).
We’re happy to announce a brand new strategic partnership with @cryptocom We strengthen the liquidity and accessibility of 21BTC, permitting customers to make the most of their idle Bitcoin throughout a number of chains.
“We’re excited to combine 21BTC with https://t.co/Oavs5Ti3Ip and improve the performance for our customers… pic.twitter.com/dkySZr9IqI
— 21.co (@21co__) October 7, 2024
The businesses stated in a information launch on October 7 that 21.co goals to leverage its partnership with Crypto.com to drive liquidity and adoption of 21BTC.
“As each leaders in digital asset innovation, know-how and operations, the partnership between 21.co and Crypto.com creates a robust mixture,” stated Eliezer Ndinga, head of technique and enterprise growth at Crypto.com. “Crypto.com is likely one of the world's largest digital asset exchanges serving over 100 million customers worldwide. As one of many world's largest crypto ETP issuers, 21.co brings greatest practices and operational excellence to the world of wrapped belongings.”
21BTC main partnerships
That is the newest collaboration inside the crypto business for 21.co, the place 21Shares is likely one of the main issuers of crypto change traded merchandise.
In September, the corporate introduced an integration with Chainlink for 21BTC. A brand new wrapped token was launched to permit customers to entry Bitcoin (BTC) on Ethereum. 21BTC leverages Chainlink's Proof of Reserve to supply transparency and real-time collateral.
21.co has additionally partnered with Raydium, Solana's largest decentralized change, to supply the 21BTC-JitoSOL pool. This token leverages the full worth of Raydium's person base and platform, which is locked for liquidity and adoption.
Raydium dominates the Solana ecosystem with a hybrid liquidity mannequin, permitting merchants to leverage deep liquidity by means of automated market maker swimming pools and a central restrict order guide.
21.co just lately partnered with Kamino Finance, Solana’s largest DeFi protocol. Kamino has locked in additional than $1.6 billion in complete worth and offers entry to borrowing, financing and liquidity administration merchandise.
