Crypto exchange platform Crypto.com has teamed up with 21.co, the parent company of cryptocurrency asset manager 21Shares, to enhance Bitcoin liquidity for customers using 21BTC. The partnership is aimed at expanding liquidity options for both Ethereum and Solana ecosystems.
On October 7, Crypto.com and 21.co announced their strategic collaboration to strengthen 21.co’s crypto exchange-traded products (ETPs), starting with 21BTC. This initiative is set to improve the services offered by 21.co, which is already recognized for its 21Shares products, including popular cryptocurrency exchange-traded funds (ETFs) like the ARK 21Shares Bitcoin ETF and the 21Shares Core Ethereum ETF.
The two companies are also looking to collaborate on future product offerings. Eric Anziani, president and chief operating officer of Crypto.com, expressed excitement about the partnership, stating:
“This collaboration highlights how our strong liquidity can support innovative companies like 21.co, while also helping us to continue improving the experience for our customers.”
Through this partnership, Crypto.com will meet the Bitcoin liquidity needs of 21.co’s retail and institutional clients on the Ethereum and Solana networks. According to 21.co, this will allow their clients to put their idle Bitcoin to work across multiple blockchain platforms.
A spokesperson from Crypto.com noted that the exchange offers some of the most robust liquidity on BTC/USD and USDT pairs, making it an ideal partner for 21.co.
In addition to benefiting from Crypto.com’s liquidity, 21BTC also integrates Chainlink’s proof of reserve, offering increased transparency for investors. However, 21.co’s wrapped tokens, including 21BTC, are not available to investors in certain regions, such as the United States.
This partnership marks an important step in bringing more liquidity and transparency to the crypto space, giving investors better opportunities to engage with Bitcoin across multiple chains.
Summary Review: The partnership between 21.co and Crypto.com will significantly enhance Bitcoin liquidity across multiple blockchains, offering improved investment opportunities for users. This collaboration highlights the growing demand for reliable and transparent crypto services, ensuring that clients have better options for utilizing their Bitcoin assets efficiently.
Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.
