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21.co partners with Crypto.com to enhance crypto liquidity

Tuesday 8 October 2024 13:01 CET | News

21.co, the parent company of 21Shares, an issuer of cryptocurrency exchange-traded products (ETPs) globally, has formed a strategic partnership with Crypto.com.

 

Crypto.com is a major player in the digital asset sector, serving over 100 million customers worldwide and known for its strong focus on regulatory compliance, security, and user privacy. A primary focus of this partnership is the integration of 21.co Wrapped Bitcoin (21BTC), which will source its Bitcoin liquidity from Crypto.com.

This arrangement is expected to leverage Crypto.com’s extensive liquidity pool, competitive fee structure, and advanced matching engine. The collaboration aims to enhance the liquidity and efficiency of 21BTC, making it more accessible to a broader range of users. Both companies have indicated that they plan to build on this initial partnership, with future announcements regarding additional collaborative efforts anticipated.

More about the partnership

The integration of 21BTC into Crypto.com is seen as a significant step in enhancing user access to cryptocurrencies, particularly for both retail and institutional traders. By combining their respective strengths—21.co’s expertise in asset management and ETPs with Crypto.com’s extensive market reach—the partnership aims to provide innovative liquidity solutions that address the needs of today’s digital asset traders.

 

As interest in cryptocurrency continues to grow, both 21.co and Crypto.com recognize the importance of facilitating greater access to digital assets for users around the world. The partnership is expected to provide enhanced services that support users in navigating the complexities of the cryptocurrency ecosystem. 

This collaboration not only signifies a commitment to improving the trading experience for users but also highlights the ongoing evolution of the digital asset landscape, where increased liquidity and innovative solutions are crucial for market participants. With plans for further developments in their partnership, 21.co and Crypto.com aim to contribute positively to the cryptocurrency market's growth and accessibility.

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Keywords: partnership, Bitcoin, cryptocurrency, digital assets
Categories: DeFi & Crypto & Web3
Companies: 21.co, Crypto.com
Countries: World
This article is part of category

DeFi & Crypto & Web3

21.co

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Crypto.com

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