🚀 Breaking news in the crypto world! 🚀
21.co, the parent company of 21Shares, has announced a strategic partnership with Crypto.com.
🔹 Improving liquidity and custody solutions for 21.co’s wrapped tokens, starting with wrapped Bitcoin (BTC).
🔹 Wrapped tokens like 21BTC allow Bitcoin to be used on other blockchains like Ethereum (ETH) via smart contracts.
🔹 This allows users to interact with decentralized finance (DeFi) applications while preserving the value of Bitcoin.
Benefits of the partnership:
- Crypto.com will provide liquidity to support 21BTC tokens.
- Competitive fees and cutting-edge trading technology from Crypto.com.
- Improving accessibility to cryptocurrency for users.
Eliezer Ndinga, Head of Strategy at 21.co, noted the importance of the integration with Crypto.com as a key step to improve accessibility of cryptocurrencies.
The future of the partnership:
- The companies plan to further expand their cooperation.
- The growth in demand for crypto products is driving improved liquidity for retail and institutional traders.
💬 Share your thoughts in the comments! How do you think this partnership will impact the crypto market?