Copper and Core Bring Secure BTC Staking to Institutional Investors
George Town, Cayman Islands / London, UK, Sept. 26, 2024 (GLOBE NEWSWIRE) – Core Foundation, recognized as a bitcoin-powered blockchain and the first enabler of Bitcoin Staking, has announced a significant advancement: the integration of Core’s Dual Staking – CORE Staking and BTC Staking – into Copper's custody platform. This groundbreaking step allows institutional investors to stake their BTC and CORE securely within their Copper custody accounts, eliminating the need for external wallets and ensuring a streamlined and secure process.
The integration enhances institutions' ability to maximize their digital asset investments efficiently. Brendon Sedo, Initial Contributor to Core, emphasized the importance of this development, stating, "This integration with Copper is a significant milestone for Core, as it brings the first self-custodial BTC staking solution to the institutional market."
Copper, a leading player in digital asset custody and prime services, has played a pivotal role in this integration, ensuring clients can utilize Core’s staking mechanisms while maintaining safety and operational efficiency.
Core blockchain stands out as the #1 Bitcoin scaling chain with 21 million unique addresses, 279,000 daily transactions, and holding 55% of Bitcoin hash power. With over 4,500 BTC staked, Core is positioned as the only available Bitcoin staking solution amidst a landscape focused on restaking alternatives.
About Core
Core acts as the Proof of Stake layer for Bitcoin, facilitating the first-ever self-custodial Bitcoin staking, thereby enhancing Bitcoin’s utility and security.
About Copper.co
Founded in 2018, Copper has established itself as a standard for institutional digital asset infrastructure, focusing on custody and collateral management. Their technology, including ClearLoop, allows clients to manage collateral effectively and trade across multiple exchanges, enhancing capital efficiency while mitigating risks.
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