Bitcoin

The Singapore-based crypto exchange Crypto.com has initiated a strategic alliance with 21.co, the parent company of 21Shares. The collaboration intends to provide Bitcoin liquidity for 21.co Wrapped Bitcoin (21BTC) customers. The partnership envisions providing liquidity support for 21.co’s exchange-traded products (ETPs), with 21BTC as the initial focus.In an X post dated October 7, 2024, Crypto.com announced its partnership with 21.co. The exchange stated that it has entered into a strategic alliance with “one of the world’s largest issuers of crypto ETPs.” Crypto.com further stated that through its coalition, it seeks to enhance liquidity solutions for retail and institutional clients. In addition, the platform cited that the venture supports Crypto.com’s goal of making crypto accessible to everyone and boosting mainstream adoption.21.co announced the launch of its own Bitcoin wrapper, 21BTC, on the Ethereum blockchain network on September 3, 2024. The wrapped Bitcoin is set to bring robust asset management standards to wrapped assets, featuring top-tier custodians and security measures.Eliezer Ndinga, Head of Strategy and Business Development, Digital Assets at 21.co, expressed the platform’s excitement in partnering with <a href="https://cryptotale.org/crypto-com-receives-full-operational-license-in-dubai-report/" rel="noopener noreferrer nofollow">Crypto.com</a>. Addressing it as a starting point for a long-term collaboration, Ndinga cited,<a href="https://cryptotale.org/crypto-investment-products-face-147m-outflows-amid-volatility/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Crypto.com & 21.co Partner for Bitcoin Liquidity: 21BTC in Focus

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