- 21.co and Crypto.com introduced a strategic partnership aimed toward bolstering liquidity for the wrapped Bitcoin token 21BTC.
- The partnership additionally targets at improving accessibility for the token.
Crypto.com and 21.co, the guardian corporate of 21Shares, have introduced a strategic alliance that can see the latter faucet into the cryptocurrency change to reinforce its Wrapped Bitcoin (21BTC).
We’re excited to announce a brand new strategic partnership with @cryptocom to reinforce the liquidity and accessibility of 21BTC, enabling customers to position their idle Bitcoin to paintings throughout a couple of chains.
“We’re overjoyed to combine 21BTC with https://t.co/Oavs5Ti3Ip, improving person… percent.twitter.com/dkySZr9IqI
— 21.co (@21co__) October 7, 2024
The 2 firms stated in a information unencumber on Oct. 7 that 21.co targets at the usage of its partnership with Crypto.com to spice up 21BTC’s liquidity and adoption.
“As two leaders in virtual asset innovation, expertise and operations, the 21.co–Crypto.com partnership creates an impressive aggregate,” Eliezer Ndinga, Crypto.com head of technique and trade building, stated. “Crypto.com is likely one of the global’s biggest virtual property exchanges serving over 100 million customers globally. As one of the crucial global’s biggest issuers of crypto ETPs, 21.co brings asset control easiest practices and operational excellence to the sector of wrapped property.”
Key partnerships for 21BTC
It’s the most recent collaboration inside the crypto trade for 21.co, whose 21Shares is likely one of the main issuers of crypto exchange-traded merchandise.
In September, the corporate introduced integration with Chainlink for 21BTC. The brand new wrapped token introduced in that permits customers to get admission to Bitcoin (BTC) on Ethereum. 21BTC leverages Chainlink’s Evidence of Reserve to supply transparency and real-time collateralization.
21.co additionally partnered with Raydium, Solana’s biggest decentralized change to supply a 21BTC-JitoSOL pool. The token faucets into Raydium’s person base and platform overall price locked for liquidity and adoption.
Raydium dominates the Solana ecosystem with its hybrid liquidity style permitting buyers to faucet into deep liquidity by way of an automatic marketplace maker pool and central prohibit order ebook.
21.co not too long ago partnered with Kamino Finance, the biggest DeFi protocol on Solana. Kamino has a complete price locked of over $1.6 billion and provides get admission to to borrowing, lending, and liquidity control merchandise.