Core and BitGo Partner to Unlock $2 Trillion in Bitcoin Liquidity, Pioneering a U.S. Institutional-Grade Secure Yield Solution

By: blockbeats|2024/12/09 18:45:01
0
Share
copy

Core and BitGo Partner to Unlock  Trillion in Bitcoin Liquidity, Pioneering a U.S. Institutional-Grade Secure Yield Solution

Core Foundation announced today its partnership with BitGo, making BitGo the first custodian to support user participation in Core's "Double Staking." Committed to developing the world's largest Bitcoin DeFi ecosystem, Core Foundation has integrated with BitGo, the global leader in digital asset institutional-grade custody and financial services. This integration signifies a new era in institutional advancement in DeFi. BitGo's clients can now earn scalable Bitcoin returns while maintaining Bitcoin's blockchain's security and trustlessness.

Unlocking Institutional-Grade Bitcoin Returns at Scale

Through the integration with Core's "Double Staking," BitGo has brought secure Bitcoin staking services to institutional clients. By time-locking clients' Bitcoin on BitGo's compliant custody platform and staking CORE tokens, institutions can unlock scalable tiered returns without exposure to slashing, credit, counterparty, or smart contract risks.

"BitGo's integration with Core is a milestone for institutional Bitcoin staking," said Rich Rines, an early Core contributor. "By combining Core's secure, sustainable, and scalable staking solution with BitGo's unparalleled custody service, we are ushering in a new era of Bitcoin DeFi."

"BitGo's integration with Core reflects our commitment to expanding secure Bitcoin yield generation opportunities for institutional clients," said BitGo CEO Mike Belshe. "As the first U.S.-compliant custodian to support Core's innovative Double Staking model, we are providing a scalable, sustainable solution in line with the ethos of Bitcoin while unlocking new value for institutions."

Integration Highlights

· Institutional-Grade Custody: BitGo's trusted custody solution supports secure and convenient staking of Bitcoin and CORE tokens, unlocking sustainable returns for institutional investors.

· Enhanced Bitcoin Returns: Double Staking offers higher yields, and CORE staking unlocks top-tier earning rates.

· Battle-Tested Security: Core's staking solution allows Bitcoin holders to fully custody their assets, avoid counterparty risk, while upholding Bitcoin's security-first ethos.

Opening Bitcoin DeFi to Institutions

Core's innovative staking solution has introduced a "risk-free rate" for Bitcoin for the first time, with rewards subsidized by transaction fees and Bitcoin's 81-year block reward. With over 75% of Bitcoin's hashrate securing the network through miner participation, Core has achieved a groundbreaking staking solution, currently staking over 5,300 BTC, unlocking billions of dollars of previously static Bitcoin value.

Furthermore, Core has provided scalable, sustainable infrastructure for institutional Bitcoin staking, with a total value locked (TVL) exceeding $9 billion, a thriving ecosystem with over 100 dApps, 500k weekly active wallets, and over 3.19 billion transactions since launch.

Focus on Bitcoin Fusion MENA Conference

The Bitcoin Fusion MENA Conference will be held on December 10, 2024, in Abu Dhabi, bringing together global blockchain leaders to discuss the future of Bitcoin and DeFi. In addition to roundtable forums, panel discussions, and networking opportunities, feel free to visit Core's booth M-120 to learn about its partnership with BitGo and how cross-staking unlocks institutional-grade Bitcoin yields. To make an appointment, please visit here.

About BitGo

BitGo is a leading infrastructure provider for digital asset solutions, offering custody, wallets, staking, trading, financing, and cold storage settlement services. Since its founding in 2013, BitGo has been focused on serving institutional clients, with around 20% of on-chain Bitcoin transactions involving its custody assets, making it the world's largest independent digital asset custodian. For more information, please visit the official website.

About Core

Core is a Bitcoin's Proof of Stake (PoS) network layer that supports non-custodial Bitcoin staking and drives the development of an EVM-compatible BTCfi ecosystem. Since April 2024, Core has staked over 6,700 BTC, enhancing Bitcoin's utility and security. Core is the most Bitcoin-native EVM blockchain, with ~76% of Bitcoin's hashrate securing its network. This breakthrough has attracted millions of Core users—over 31 million unique addresses, 325M+ transactions, and since the mainnet launch in January 2023, the on-chain TVL has surpassed $1 billion.

This article is contributed and does not represent the views of BlockBeats

You may also like

Why can this institution still grow by 150% when the scale of leading crypto VCs has shrunk significantly?

The merger of the two major payment companies, Bridge and BVNK, establishes their industry position and revenue scale.

Anthropic's $1 trillion, compared to DeepSeek's $100 billion

The capital market has no faith, it only believes in the profit and loss statement.

Geopolitical Risk Persists, Is Bitcoin Becoming a Key Barometer?

Liquidity Still Unleashed, Which Force Will Dictate Pricing

Annualized 11.5%, Wall Street Buzzing: Is MicroStrategy's STRC Bitcoin's Savior or Destroyer?

25M Transaction Volume, 17,204 BTC

An Obscure Open Source AI Tool Alerted on Kelp DAO's $292 million Bug 12 Days Ago

AI Agent could potentially become an additional security layer for DeFi investors.

Mixin has launched USTD-margined perpetual contracts, bringing derivative trading into the chat scene.

The privacy-focused crypto wallet Mixin announced today the launch of its U-based perpetual contract (a derivative priced in USDT). Unlike traditional exchanges, Mixin has taken a new approach by "liberating" derivative trading from isolated matching engines and embedding it into the instant messaging environment.


Users can directly open positions within the app with leverage of up to 200x, while sharing positions, discussing strategies, and copy trading within private communities. Trading, social interaction, and asset management are integrated into the same interface.


Simplified Trading Experience: No KYC Required, Opening a Position in Five Steps


Based on its non-custodial architecture, Mixin has eliminated friction from the traditional onboarding process, allowing users to participate in perpetual contract trading without identity verification.


The trading process has been streamlined into five steps:

· Choose the trading asset

· Select long or short

· Input position size and leverage

· Confirm order details

· Confirm and open the position


The interface provides real-time visualization of price, position, and profit and loss (PnL), allowing users to complete trades without switching between multiple modules.


Social-Native Trading: Strategy and Execution Completed in the Same Context


Mixin has directly integrated social features into the derivative trading environment. Users can create private trading communities and interact around real-time positions:

· End-to-end encrypted private groups supporting up to 1024 members

· End-to-end encrypted voice communication

· One-click position sharing

· One-click trade copying


On the execution side, Mixin aggregates liquidity from multiple sources and accesses decentralized protocol and external market liquidity through a unified trading interface.


By combining social interaction with trade execution, Mixin enables users to collaborate, share, and execute trading strategies instantly within the same environment.


Referral Mechanism: Non-institutional users can receive up to 60% fee split


Mixin has also introduced a referral incentive system based on trading behavior:

· Users can join with an invite code

· Up to 60% of trading fees as referral rewards

· Incentive mechanism designed for long-term, sustainable earnings


This model aims to drive user-driven network expansion and organic growth.


Self-Custody Architecture and Built-in Privacy Mechanism


Mixin's derivative transactions are built on top of its existing self-custody wallet infrastructure, with core features including:


· Separation of transaction account and asset storage

· User full control over assets

· Platform does not custody user funds

· Built-in privacy mechanisms to reduce data exposure


The system aims to strike a balance between transaction efficiency, asset security, and privacy protection.


A New Path for On-Chain Derivatives


Against the background of perpetual contracts becoming a mainstream trading tool, Mixin is exploring a different development direction by lowering barriers, enhancing social and privacy attributes.


The platform does not only view transactions as execution actions but positions them as a networked activity: transactions have social attributes, strategies can be shared, and relationships between individuals also become part of the financial system.


Regulatory Background


Mixin's design is based on a user-initiated, user-controlled model. The platform neither custodies assets nor executes transactions on behalf of users.


This model aligns with a statement issued by the U.S. Securities and Exchange Commission (SEC) on April 13, 2026, titled "Staff Statement on Whether Partial User Interface Used in Preparing Cryptocurrency Securities Transactions May Require Broker-Dealer Registration."


The statement indicates that, under the premise where transactions are entirely initiated and controlled by users, non-custodial service providers that offer neutral interfaces may not need to register as broker-dealers or exchanges.


About Mixin


Mixin is a decentralized, self-custodial privacy wallet designed to provide secure and efficient digital asset management services.


Its core capabilities include:

· Aggregation: integrating multi-chain assets and routing between different transaction paths to simplify user operations

· High liquidity access: connecting to various liquidity sources, including decentralized protocols and external markets

· Decentralization: achieving full user control over assets without relying on custodial intermediaries

· Privacy protection: safeguarding assets and data through MPC, CryptoNote, and end-to-end encrypted communication


Mixin has been in operation for over 8 years, supporting over 40 blockchains and more than 10,000 assets, with a global user base exceeding 10 million and an on-chain self-custodied asset scale of over $1 billion.


Popular coins

Latest Crypto News

Read more