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

Ross Ulbricht Clemency Petition Gathers 250,000 Signatures
Ross Ulbricht Clemency Petition Gathers 250,000 Signatures On Friday, the Clemency for Ross Ulbricht petition hosted on Change.org surpassed 250,000 signatures. The solicitation
US Treasury Secretary and Indian Finance Minister Discuss Crypto Regulation
US Treasury Secretary and Indian Finance Minister Discuss Crypto Regulation U.S. Treasury Secretary Janet Yellen and Indian Finance Minister Nirmala Sitharaman discussed crypto reg
Russian Exchanges Ready to Launch International Crypto Payments, Lawmaker Reveals
Russian Exchanges Ready to Launch International Crypto Payments, Lawmaker Reveals The largest exchanges in Russia are ready to begin operating with cryptocurrencies right after aut
Market Update: Bitcoin Train Inches Toward $10K, Wild Predictions, Trillion Dollar Crypto Economy
Market Update: Bitcoin Train Inches Toward $10K, Wild Predictions, Trillion Dollar Crypto EconomyOn Wednesday, the market valuation of all 5,000+ cryptocurrencies is worth around $2
Jesse Coghlan7 hours agoCrypto products see 4th week of inflows amid race for Bitcoin ETFs: CoinSharesBitcoin products took the largest share of inflows, netting 84% of incoming funds, according to CoinShares’ weekly f
IRS Agent Poses as Bitcoin Trader Called ‘Mr. Coins,’ Biden’s IRS Wants ‘Outflow and Inflow’ Data From Banks
IRS Agent Poses as Bitcoin Trader Called "Mr. Coins," Biden"s IRS Wants "Outflow and Inflow" Data From Banks Over the last few weeks, Americans have read about the U.S. Internal Re
Indian Police Bust International Bitcoin Extortion Rackets, 96 Arrested
Indian Police Bust International Bitcoin Extortion Rackets, 96 Arrested Ninety-six people have reportedly been arrested in India for allegedly extorting bitcoin
‘Big Short’ Investor Michael Burry Warns of Looming Consumer Recession, More Earnings Trouble
"Big Short" Investor Michael Burry Warns of Looming Consumer Recession, More Earnings Trouble Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has
Ukraine Speeds Up Digital Hryvnia Project, Plans Pilot for This Year
Ukraine Speeds Up Digital Hryvnia Project, Plans Pilot for This Year Ukrainian authorities are speeding up the development of the electronic hryvnia, a high-ranking government offi
SEC is attempting to classify Ether as a security: Report
Turner Wright5 hours agoSEC is attempting to classify Ether as a security: ReportSeveral U.S.-based companies reportedly received subpoenas from the SEC related to attempts to label Ether as a security.4100 Total views8
Hollywood Has Future in Blockchain, NFTs Says Outgoing Warner Media CEO
Hollywood Has Future in Blockchain, NFTs Says Outgoing Warner Media CEO Jason Kilar, the outgoing CEO of Warner Media, has touted blockchain as a technology that could transform th
Anthropic launches $15K jailbreak bounty program for its unreleased next-gen AI
Tristan Greene2 hours agoAnthropic launches $15K jailbreak bounty program for its unreleased next-gen AIThe program will be open to a limited number of participants initially but will expand at a later date.404 Total vie