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21.co partners with Crypto.com to enhance liquidity and access for Wrapped Bitcoin, aiming to improve user cryptocurrency access globally.
Key Notes
21.co collaborates with Crypto.com to source Bitcoin liquidity for its Wrapped Bitcoin 21BTC.Both companies aim to make cryptocurrencies more accessible and user-friendly by addressing the needs of retail and institutional traders.Crypto.com’s strong reputation for security and regulatory compliance adds credibility to the partnership and could attract hesitant users.21.co, the parent company of 21Shares and a major provider of crypto ETPs, is partnering with Crypto.com. Crypto.com has more than 100 million customers. The crypto exchange also prioritizes security and compliance. This makes it a key choice for collaboration
Crypto.com’s mission is to be the go-to exchange for every crypto wallet owner. The company has continued to develop solutions and partnerships to achieve this goal.
Strengthening Liquidity and Access for Wrapped Tokens
The core of the partnership will see 21.co Wrapped Bitcoin (21BTC) sourcing Bitcoin liquidity from Crypto.com. This will use Crypto.com’s trade ability, low fees, and good technology. Both companies plan to work together more and will share updates soon.
Eliezer Ndinga, Head of Strategy and Business Development, Digital Assets at 21.co, expressed his excitement about the partnership. Eliezer noted that the partnership is aimed at improving user access to cryptocurrency. He stated:
“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, know-how and operations, the 21.co–Crypto.com partnership creates a powerful combination.”
Since its founding in 2018 by Hany Rashwan and Ophelia Snyder, 21.co has been a leader in cryptocurrency, offering ETPs through its partner 21Shares and developing blockchain technology with its operating system, Onyx.
President and COO of Crypto.com Eric Anziani emphasizes that Crypto.com has strong liquidity and could help support companies like 21.co to innovate and launch new products.
“This partnership is a strong demonstration of how our exceptional liquidity can support the innovations of companies like 21.co and how Crypto.com is constantly aiming to better serve our existing customers,” he said.
Eric further explained the importance of the partnership in providing liquidity solutions to retail and institutional crypto traders, which will be helpful for their everyday trade. Eric said:
“21.co is a proven global crypto company, driving innovation across multiple ETP, ETF, and tokenization projects. By coming together, we will offer retail and institutional crypto traders the liquidity solutions they need in the market of today and tomorrow.”
Thus, with the increase in interest in cryptocurrency, 21.co, and Crypto.com see the need to make cryptocurrencies more accessible to users globally. These two companies will combine their expertise and experience in digital assets to support users and help them better understand the crypto space.
More so, Crypto.com’s reputation in regulatory compliance and security enhances the partnership’s credibility as it is vital in attracting new users who may be hesitant about entering the crypto market.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Temitope is a writer with more than four years of experience writing across various niches. He has a special interest in the fintech and blockchain spaces and enjoy writing articles in those areas. He holds bachelor's and master's degrees in linguistics. When not writing, he trades forex and plays video games.
