Crypto. com has formed a strategic partnership with 21. co, the parent company of cryptocurrency asset manager 21Shares, to enhance Bitcoin liquidity for 21.co’s Wrapped Bitcoin (21BTC) customers. The partnership, announced on October 7, will support 21. co’s crypto exchange-traded products (ETPs), starting with 21BTC.
21. co, known for issuing cryptocurrency exchange-traded funds (ETFs) through its subsidiary 21Shares, manages products like the ARK 21Shares Bitcoin ETF and 21Shares Core Ethereum ETF. With Crypto. com providing liquidity, 21.co’s clients will be able to put their idle Bitcoin to work across Ethereum and Solana networks.
Eric Anziani, the President and COO of Crypto.com, emphasized the company’s role in supporting 21.co’s innovations, particularly by leveraging its strong BTC/USD and USDT liquidity pairs. Additionally, 21BTC is integrated with Chainlink’s proof of reserve for increased transparency.
As part of 21.co’s ongoing product expansion, 21BTC launched on the Ethereum blockchain on September 3, complementing its existing wrapped tokens like Avalanche (AVAX), Polkadot (DOT), and Solana (SOL). The partnership aims to bolster both retail and institutional investors by offering better liquidity and investment opportunities across multiple chains. However, 21BTC and other wrapped tokens are not available in certain regions, including the United States.
This collaboration underscores 21.co’s commitment to expanding its offerings and providing secure, transparent products through partnerships with industry leaders like Crypto. com and market makers like Flow Trader.
Source: cointelegraph.com
