🚀 **Crypto News: 21.co Launches Wrapped Bitcoin on Ethereum!** 🚀

- 21.co, the parent company of 21Shares, announced the launch of Wrapped Bitcoin (21BTC) on the Ethereum blockchain.

- The new product was developed in partnership with Flow Traders, one of the largest market makers.

- Unlike traditional methods, 21.co stores assets in cold storage, eliminating the need for bridges.

Eliezer Ndinga, Head of Strategy and Business Development at 21.co, noted that the launch of 21BTC on Ethereum allows clients to confidently explore decentralized applications and new opportunities.

💡 **What are Wrapped Tokens?**

- They are digital assets that represent the cryptocurrency of one blockchain network on another.

- They increase liquidity and enable cross-chain transactions.

21.co also offers Wrapped Tokens for Binance Coin (BNB), XRP, Avalanche (AVAX), and more. All tokens are built on the Onyx platform, which has already processed over $6.7 billion in crypto products.

📣 **Your opinion matters!**

- Do you think this will affect the development of DeFi on Ethereum?

- Share your thoughts in the comments! 💬

#Cryptocurrency#Blockchain#Ethereum#21BTC #DeFi