21.co and Crypto.com Announce Strategic Partnership for Enhanced Liquidity and Custody Solutions
Collaboration to Boost 21BTC Liquidity via Crypto.com’s Advanced Platform
Key Takeaways:
Enhanced Liquidity for 21BTC: 21.co will source Bitcoin liquidity for its wrapped 21BTC token from Crypto.com’s advanced platform.
Strategic Partnership: This is the beginning of a long-term collaboration between two major players in the digital assets industry.
Retail and Institutional Benefits: The partnership is set to provide retail and institutional traders with greater access to liquidity solutions.
Future Announcements: Both 21.co and Crypto.com plan to build on this partnership with more innovations to come.
Global Reach: Crypto.com’s platform serves over 100 million users globally, amplifying the reach and impact of 21BTC.
21.co, the parent company of 21Shares, one of the world’s largest issuers of cryptocurrency exchange-traded products (ETPs), has announced a strategic partnership with Crypto.com, a global leader in regulatory compliance, security, and liquidity services. This partnership aims to enhance the liquidity and custody solutions for 21.co’s wrapped tokens, particularly the 21BTC token.
As part of the collaboration, 21BTC will leverage Crypto.com’s deep liquidity, competitive fees, and cutting-edge matching engine to provide better access and trading options for users. This integration marks the beginning of what both companies describe as a long-term partnership, with more updates and innovations to come.
Eliezer Ndinga, Head of Strategy and Business Development, Digital Assets at 21.co, commented:
“We are thrilled to integrate 21BTC with Crypto.com, enhancing user access to crypto and marking the starting point of a long-term, strategic partnership. As two leaders in digital asset innovation, this partnership creates a powerful combination.”
Eric Anziani, President and COO of Crypto.com, added:
“This partnership is a strong demonstration of how our exceptional liquidity can support innovations like 21.co’s wrapped tokens. By coming together, we will offer both retail and institutional crypto traders the liquidity solutions they need in today’s market.”
Both companies recognize the growing demand for crypto assets and are committed to expanding access for global investors. With Crypto.com serving over 100 million users worldwide, and 21.co providing best-in-class crypto ETPs, this collaboration is expected to offer significant benefits for traders seeking liquidity solutions.
Conclusion:
The partnership between 21.co and Crypto.com represents a significant step forward in enhancing the liquidity of 21.co’s wrapped tokens, starting with 21BTC. With both companies bringing their expertise in digital assets and crypto trading, users can expect better liquidity options, secure transactions, and increased access to the growing crypto ecosystem. As this collaboration evolves, traders and investors can look forward to more announcements and innovations that will benefit both retail and institutional markets.
Source: https://crypto.com/company-news/21co-and-cryptocom-announce-strategic-partnership