As an analyst with extensive experience in the cryptocurrency industry, I find this partnership between 21.co and Crypto.com to be a strategic move that could significantly impact the accessibility and liquidity of digital assets for both retail and institutional traders.
As a researcher, I am excited to announce that the parent company of 21Shares, which I am associated with, is joining forces with Crypto.com. With over 100 million customers, Crypto.com stands as a significant player in the crypto sphere. Notably, their emphasis on security and compliance aligns perfectly with our values, making them an ideal partner for collaboration. This partnership promises to be a significant step forward in our shared mission to expand the reach of cryptocurrency products.
Crypto.com aspires to become the preferred cryptocurrency exchange for all digital wallet users. They have been consistently working on developing relevant solutions and forming strategic partnerships to realize this objective.
Strengthening Liquidity and Access for Wrapped Tokens
At the heart of this collaboration, 21.co Wrapped Bitcoin (21BTC) will obtain Bitcoin liquidity directly from Crypto.com. This is facilitated by Crypto.com’s efficient trading capabilities, competitive fees, and advanced technology. The two entities aim to strengthen their alliance and have promised to disclose further details shortly.
21.co’s strategic and business development lead in digital assets, Eliezer Ndinga, voiced his enthusiasm regarding their recent collaboration. According to Eliezer, this partnership aims to enhance the ability of users to engage with cryptocurrencies. In simpler terms, he mentioned that the goal is to make it easier for people to interact with digital currencies.
We’re excited to bring 21BTC together with Crypto.com, making it easier for users to get into cryptocurrency and launching a long-term strategic alliance between us. As pioneers in digital asset innovation, expertise, and management, the partnership between 21.co and Crypto.com is a formidable team.
21.co, established in 2018 by Hany Rashwan and Ophelia Snyder, has been at the forefront of the cryptocurrency field. It facilitates Exchange-Traded Products (ETPs) via its partner 21Shares and is also involved in the development of blockchain technology, particularly with its Onyx operating system.
As a researcher, I’d like to highlight that, in my role, I am part of the team at Crypto.com where our robust liquidity is underscored. This strength could potentially aid companies such as 21.co in their quest for innovation and product development.
He stated that this collaboration powerfully illustrates how our outstanding liquidity can boost the inventiveness of firms such as 21.co, and how Crypto.com consistently strives to enhance its service offerings for our current clientele.
Eric elaborated on the significance of the collaboration, emphasizing its role in offering liquidity services to both retail and institutional cryptocurrency traders. This, he noted, would prove beneficial for their daily trading activities.
21.co is a trusted international cryptocurrency firm, leading innovation in various Exchange-Traded Products (ETP), Exchange-Traded Funds (ETF), and tokenization initiatives. By uniting our forces, we aim to provide both retail and institutional crypto traders with the liquidity options they require for the current and future markets.
Given the growing popularity of cryptocurrencies, companies like 21.co and Crypto.com recognize the demand for making digital assets more approachable for people worldwide. By leveraging their combined knowledge and background in the digital asset sector, these firms aim to assist users and provide a clearer understanding of the crypto world.
Indeed, the strong track record of Crypto.com regarding regulatory compliance and security significantly boosts the partnership’s trustworthiness. This aspect becomes crucial when attempting to win over novice users who might be apprehensive about participating in the cryptocurrency market due to concerns about regulation and safety.
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2024-10-07 14:50