Deep Tide TechFlow News, on February 25, according to Cointelegraph, cryptocurrency asset management firm Bitwise has acquired staking service provider Chorus One, which manages over $2.2 billion in staked assets. This move could help Bitwise expand its crypto staking product portfolio.
The acquisition will extend Bitwise’s staking capabilities to more than 30 blockchain networks, including Solana, Hyperliquid, Monad, Avalanche, and Sui. Chorus One’s 50 employees will join Bitwise Onchain Solutions, a division that manages billions of dollars in staked crypto assets.
Bitwise CEO Hunter Horsley said that staking remains “one of the most attractive growth opportunities” for its thousands of clients holding spot crypto assets. Staking allows crypto token holders to earn annual rewards of 2% to 10% by locking up their tokens.
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Bitwise acquires staking service company Chorus One, paving the way for the launch of more staking-based ETFs
Deep Tide TechFlow News, on February 25, according to Cointelegraph, cryptocurrency asset management firm Bitwise has acquired staking service provider Chorus One, which manages over $2.2 billion in staked assets. This move could help Bitwise expand its crypto staking product portfolio.
The acquisition will extend Bitwise’s staking capabilities to more than 30 blockchain networks, including Solana, Hyperliquid, Monad, Avalanche, and Sui. Chorus One’s 50 employees will join Bitwise Onchain Solutions, a division that manages billions of dollars in staked crypto assets.
Bitwise CEO Hunter Horsley said that staking remains “one of the most attractive growth opportunities” for its thousands of clients holding spot crypto assets. Staking allows crypto token holders to earn annual rewards of 2% to 10% by locking up their tokens.