21.co, the parent company of 21Shares – one of the issuers of crypto exchange traded products (ETPs), and Crypto.com, announced that they have recently entered into a strategic partnership.
With this partnership, 21.co Wrapped Bitcoin (21BTC) will source Bitcoin (BTC) liquidity from Crypto.com, leveraging the exchange’s liquidity, lower fees and matching engine.
21.co and Crypto.com reportedly intend to build on this partnership, with future announcements expected.
Eliezer Ndinga, Head of Strategy and Business Development, Digital Assets at 21.co. said that Crypto.com is one of the world’s digital assets exchanges serving many users globally.
They also noted that as one of the issuers of crypto ETPs, 21.co aims to bring digital asset management best practices to the world of “wrapped assets.”
Eric Anziani, President and COO of Crypto.com said that 21.co is a global crypto company, driving innovation across multiple ETP, ETF and tokenization projects.
Eric added that they will offer retail and institutional crypto traders the liquidity solutions they need in the market.
With growing momentum for crypto, 21.co and Crypto.com realize the significance of increasing access to crypto for investors.
The 21.co–Crypto.com partnership brings together industry participants with extensive digital assets expertise to help users as they navigate this ecosystem.
As noted in a blog post, 21.co claims that it is one of the world’s key player focused on providing access to crypto via traditional finance and decentralized finance.
21.co reportedly provides crypto exchange traded products (ETPs) via its 21Shares affiliate, as well as blockchain infrastructure tech.
21.co’s products are built on its operating system, Onyx, which is distributed to third parties.
The company was founded in 2018 by Hany Rashwan and Ophelia Snyder.
Established back in 2016, Crypto.com claims it is “trusted” by 100 million+ customers.
Their vision is: Cryptocurrency in Every Wallet.
Crypto.com is committed to enabling the adoption of crypto-assets via innovation.