Fun

P2P.org partners with OKX to provide institutional staking services

News Feed - 2024-06-14 01:06:05

Vince Quill7 hours agoP2P.org partners with OKX to provide institutional staking servicesThe staking services company and validator reported that it reached $7.5 billion in total value locked in April.944 Total views6 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksInstitutional staking firm and validator P2P.org has launched crypto staking services for institutional clients in partnership with the OKX exchange.


As part of P2P"s staking-as-a-business model (SaaB), business clients will have access to institutional-grade staking services across a range of assets, including Polkadot (DOT), Kusama (KSM), Celestia (TIA), and Cardano (ADA).


Spokespeople for P2P told Cointelegraph, "Staking with OKX enables eligible users to enjoy an APR without the hassle of setting up new nodes," before listing common barriers to entry preventing institutions from participating in the crypto staking market.


A steep learning curve, time investment, and the significant cost of running a node are all impediments preventing businesses from taking advantage of the yields offered by digital assets, P2P spokespeople explained.P2P.org expands footprint 


In April, P2P.org hit$7.5 billion in total value locked (TVL) and introduced its “staking-as-a-businesses” model, which aims to reduce barriers to entry for institutional clients.


Related:Ethereum validator P2P.org enables ETH restaking on EigenLayer.


At the time, Alex Esin, CEO of P2P.org, told Cointelegraph, “Our objective is to assist in the establishment or amplification of staked assets within institutional products, ensuring that staking contributes a minimum of 10% to total revenue, ideally reaching 20%.”Exposure without expertise


Models like P2P’s SaaB, crypto exchange-traded products, and exchange-traded funds (ETFs) are becoming increasingly popular options for institutional investors and traditional financial institutions. These avenues allow institutional players to gain exposure to the crypto markets without having to master any of the technical expertise inherent to digital assets.


According to a recentCoinShares “Digital Asset Fund Flows” report, inflows into crypto exchange-traded funds and products hit$2 billion in May 2024—bringing the year-to-date figure to more than $15 billion in capital invested.


Institutional interest in crypto was re-ignited following the approval of a spot Bitcoin (BTC) ETF in the United States, as leading asset managers like BlackRock began providing BTC exposure to their clients.


This interest in digital asset investment has spilled into other sectors, where pension fund managers are diversifying their holdings by gaining exposure to Bitcoin.


In a recent Securities and Exchange Commission filing, the State of Wisconsin Investment Board (SWIB), the manager for Wisconsin"s state pension system, revealed it had roughly 2.4 million shares of BlackRock"s iShares Bitcoin Trust (IBIT) and more than 1 million shares of Grayscale"s Bitcoin Trust (GBTC), for a combined$164 million investment into the decentralized currency.


Magazine:Caitlyn Jenner meme coin ‘mastermind’s’ celebrity price list leaked.# Blockchain# Business# P2P# Press Release# OKX# StakingAdd reaction

News Feed

Youtube Reinstates Bitcoin.com’s Official Channel After Suspension
Youtube Reinstates Bitcoin.com"s Official Channel After SuspensionJust recently, the official Bitcoin.com Youtube channel was suspended and removed from the popular video platform.
Biggest Movers: DOGE Down 10%, XRP Extends Declines
Biggest Movers: DOGE Down 10%, XRP Extends Declines Dogecoin was down by as much as 10% to start the week, as the token retreated from Sunday’s high. The meme coin raced to
Japanese firm Metaplanet to invest $58.76M in Bitcoin
Josh O"Sullivan10 hours agoJapanese firm Metaplanet to invest $58.76M in BitcoinMetaplanet Inc allocates 8.5 billion yen for Bitcoin, enhancing its crypto treasury amid Japan’s market volatility.1630 Total views8 Total
Tom Mitchelhill18 hours agoCoinbase app is ‘broken’ for UX, admits CEO Brian ArmstrongBrian Armstrong said the next two weeks will see a series of rapid updates on the biggest pain points for Coinbase app users.4587
The Card Battle Heats Up in Latam, as Ripio and Bitso Both Announce Crypto-Enabled Cards
The Card Battle Heats Up in Latam, as Ripio and Bitso Both Announce Crypto-Enabled Cards Cryptocurrency debit and credit card offerings in Latam are thriving, as two exchanges in t
Number Of New Trump-Themed Malicious Tokens Spike 206% After Official Memecoin Launch
Este artículo también está disponible en español. The ongoing TRUMP memecoin frenzy has sparked the creation of hundreds of tokens inspired by the US president and his fa
Crypto Exchange Coinbase Unveils Plan to Raise $1.5 Billion by Selling Bonds
Crypto Exchange Coinbase Unveils Plan to Raise $1.5 Billion by Selling Bonds Amid trouble with the U.S. Securities and Exchange Commission (SEC), global cryptocurrency exchange Coi
FBI Seizes Bitcoin Worth More Than $2.2 Million From Ransomware Affiliate
FBI Seizes Bitcoin Worth More Than $2.2 Million From Ransomware Affiliate The Federal Bureau of Investigation (FBI) has seized bitcoin worth more than $2.2 million tied to ransomwa
Women in crypto: Contrasting industry dynamics with traditional sectors
Shailey Singh13 hours agoWomen in crypto: Contrasting industry dynamics with traditional sectorsDelve into the realm of women in crypto and blockchain, contrasting their roles and opportunities with traditional industrie
Amaka Nwaokocha13 hours agoFormer Bithumb chair faces 8-year imprisonmentAccording to prosecutors, Lee Jeong-hoon intended to revamp Bithumb’s governance to gain from exchange coins, circumventing financial regulations
Nearly every token Binance listed in 2024 is now bleeding red — Coin98
Alex O’Donnell3 hours agoNearly every token Binance listed in 2024 is now bleeding red — Coin98Part of the problem is the airdrop model for token distributions, which has grown in popularity in recent years.535 Total
Bitcoin Cash Node Reveals Upgrade Plans for May and Difficulty Algorithm Research
Bitcoin Cash Node Reveals Upgrade Plans for May and Difficulty Algorithm Research On March 2, the developers behind the Bitcoin Cash Node project announced the team’s plans