21.co uses Crypto.com to increase Bitcoin liquidity for 21BTC

21.co uses Crypto.com to increase Bitcoin liquidity for 21BTC

  • 21.co and crypto.com announced a strategic partnership that aims to strengthen the liquidity for the packaged Bitcoin token 21BTC.
  • aim of the partnership is also to improve the accessibility of the token.

crypto.com and 21.co, the parent company of 21shares, have announced a strategic alliance that will enable the latter to use the cryptocurrency exchange to improve its wrapped Bitcoin (21BTC)

The two companies said in a press release announced on October 7th. Crypto.com would like to use the liquidity and acceptance of 21BTC.

"As two leading companies in the areas of innovation, know-how and operation of digital assets, the partnership between 21.co and crypto.com creates a powerful combination," said Eliezer Ndinga, Head of Strategy and Business Development at Crypto.com. "Crypto.com is one of the world's largest stock exchanges for digital assets and serves over 100 million users worldwide. As one of the world's largest issuers of crypto ETPs, 21.co brings best practice for wealth management and operational excellence into the world of packaged assets."

important partnerships for 21BTC

It is the latest collaboration within the crypto industry for 21.co, the 21shares of which is one of the leading issuers of stock exchange -traded crypto products.

In September, the company announced the integration of 21BTC with Chainlink. The new packaged token was introduced a year and enables users access Bitcoin (BTC) to Ethereum. 21BTC uses the reserve detection of Chainlink to offer transparency and conservation in real time.

21.co has also teamed up with Raydium, Solana's largest decentralized stock exchange, to offer a 21BTC jitosol pool. The token uses the user base and the total value of the Raydium platform, which is blocked for liquidity and acceptance.

raydium dominates the Solana ecosystem with its hybrid liquidity model, which enables traders to access comprehensive liquidity via an automated market maker pool and a central limit book.

21.co has recently closed a partnership with Kamino Finance, the largest Defi protocol on Solana. Kamino has a total value of over $ 1.6 billion and offers access to credit, credit and liquidity management products.


Source: Coinlist.me