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BitGo announces Bitcoin staking for users who hold BTC in custody
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THE BitGo cryptocurrency exchange announced a partnership with the Core Foundation, an entity dedicated to the growth of the Core ecosystem, the largest in the Bitcoin-based decentralized finance (DeFi) segment. This collaboration will allow institutional clients to carry out staking Bitcoin securelyushering in a new era in Bitcoin DeFi (BTCfi).
With this integration, BitGo becomes the first custodian to offer institutional access to Dual Staking. THE model enables customers to earn scalable Bitcoin income.
By blocking customers’ Bitcoin and making the staking CORE tokens directly on BitGoinstitutions can achieve tiered returns without facing “slashing” risks. In other words, credit and counterparty problems in your main assets.
According to Mike Belshe, CEO of BitGo, the integration with Core demonstrates the company’s commitment to expand opportunities for institutional clients to securely earn income from their Bitcoin assets.
BitGo Bitcoin Staking
He highlighted that BitGo, as the first qualified US custodian to offer access to Core’s Dual Staking model, delivers scalable and sustainable solutions . Furthermore, the company prioritizes the security of Bitcoin while creating new value for institutions.
This initiative offers institutional clients a institutional-grade custodyenabling secure and easy-to-use staking of Bitcoin and CORE tokens. With this, users can unlock sustainable returns for institutional investors.
Furthermore, the double staking provides higher returns, with CORE staking unlocking better yield rates. Core’s staking solutions ensure that Bitcoin holders maintain full custody of your assetsavoiding counterparty risks. At the same time, they can preserve the principle of “safety first” of Bitcoin.
Bitcoin staking has become a increasingly common practice among investors looking to generate passive income with their digital assets. Several platforms offer Bitcoin staking services, each with specific characteristics:
Each platform has advantages and disadvantages, with essential for investors to evaluate aspects such as fees, security, lock-in periods and returns offered. This way, you will be able to choose the solution that best suits your needs.
BitGo announces Bitcoin staking for users who hold BTC in custody
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BitGo announces Bitcoin staking for users who hold BTC in custody
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BitGo announces Bitcoin staking for users who hold BTC in custody
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BitGo announces Bitcoin staking for users who hold BTC in custody
