As a seasoned analyst with years of experience in the cryptocurrency market, I find this partnership between EOS Network Foundation and Ceffu particularly intriguing. The integration of EOS into Coinbase’s index product and the addition of EOS mainnet support by Ceffu for institutional clients is a testament to the growing maturity and acceptance of blockchain technology within traditional financial institutions.
The EOS Network Foundation has disclosed its latest collaboration with Ceffu, a company offering custody services for large-scale investors. This partnership allows EOS token holders to securely store their EOS assets using multi-party computation (MPC) and tailor-made approval systems. Additionally, the EOS cryptocurrency is now a part of Coinbase’s index product.
Ceffu adds support for EOS mainnet, offers new-gen custody solutions
The charitable organization responsible for overseeing the EOS network, known as the EOS Network Foundation (ENF), is thrilled to share that Ceffu, a custody partner of Binance, now backs the EOS mainnet. This collaboration offers high-level custodial services and expands CeDeFi possibilities for EOS token owners through Binance’s MirrorX integration.
One method for institutions to manage the risk of counterparties during trades on an exchange is by utilizing off-exchange settlement methods, where the assets are held by a neutral third-party custodian throughout the transaction process. This way, both parties can trade securely without having direct control over each other’s assets.
— Ceffu (@CeffuGlobal) November 28, 2024
Via MirrorX, institutional investors can utilize CeDeFi tactics, combining the strengths of both centralized exchanges (CEX) and decentralized finance (DeFi). By tapping into Binance’s liquidity and sophisticated trading systems, EOS token holders gain access to cutting-edge earning opportunities designed specifically for business-to-customer (B2C) purposes.
Yves La Rose, head of the EOS Network Foundation and its creator, extends an invitation to all institutional investors to explore the latest tools supported by Ceffu.
As an analyst, I am thrilled to announce that our collaboration with Ceffu significantly advances our infrastructure development, paving the way for larger institutional participation within the EOS network. By joining forces with Ceffu, we are constructing safe avenues for institutions to engage in the EOS ecosystem, capitalizing on its continuously growing potential.
It should be noticed that Ceffu is among the few compliant, institutional-grade custody platforms offering digital asset custody and liquidity solutions that are ISO 27001 & 27701 certified and SOC2 Type 1 & Type 2 attested.
EOS makes it to Coinbase COIN50 Index
Apart from the significant integration, the EOS community is also thrilled about Coinbase’s declaration concerning the platform’s self-titled coin. The inclusion of EOS in the Coinbase COIN50 Index, a global standard representing the top 50 digital assets listed on the Coinbase exchange, underscores the increasing institutional interest and popularity surrounding the ecosystem.
This affirmation emphasizes that EOS is a prominent blockchain platform, playing a pivotal role in the dynamic crypto market.
The performance of EOS has seen substantial boosts, largely due to positive changes in its tokenomics that were backed by the community.
The new tokenomics strategy includes a dedicated funding bucket for middleware, with the executed Unicove portal streamlining the onboarding process and improving the user experience. Additionally, a staking rewards program distributing $450 million dollars worth of EOS has been active for over five months.
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2024-12-05 17:17