Price: $0.19117 -3.3044%
Market Cap: 28.04B 1.1284%
Volume (24h): 4.46B 0.2%
Dominance: 1.1284%
Price: $0.19117 -3.3044%
Market Cap: 28.04B 1.1284%
Volume (24h): 4.46B 0.2%
Dominance: 1.1284% 1.1284%
  • Price: $0.19117 -3.3044%
  • Market Cap: 28.04B 1.1284%
  • Volume (24h): 4.46B 0.2%
  • Dominance: 1.1284% 1.1284%
  • Price: $0.19117 -3.3044%
Home > Information news > P2P.org Partners with OKX to Launch Institutional Crypto Staking Services

P2P.org Partners with OKX to Launch Institutional Crypto Staking Services

Release: 2024/06/14 16:06 Reading: 203

Original author:Crypto Intelligence

Original source:https://www.cryptointelligence.co.uk/?p=16496

P2P.org Partners with OKX to Launch Institutional Crypto Staking Services

Institutional staking firm and validator P2P.org has partnered with the OKX exchange to offer crypto staking services for institutional clients.

This collaboration provides access to institutional-grade staking services for crypto assets such as Polkadot, Kusama (KSM), Celestia (TIA), and Cardano.

"Staking with OKX enables eligible users to enjoy an APR without the hassle of setting up new nodes," said P2P representatives to Cointelegraph.

They emphasized the challenges institutions face in crypto staking, such as the steep learning curve, time investment, and high costs associated with running nodes.

In April, P2P.org launched its "staking-as-a-business" (SaaB) model to lower entry barriers for institutional clients.

"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%," said P2P.org CEO Alex Esin.

Models like P2P's SaaB, crypto exchange-traded products, and exchange-traded funds (ETFs) are gaining traction among institutional investors.

Recent reports indicate that inflows into crypto ETFs and products reached $2 billion in May 2024.

Institutional interest in crypto has surged after the approval of a spot Bitcoin ETF in the United States, with major asset managers like BlackRock offering BTC exposure to their clients.

This renewed interest extends to other sectors, such as pension fund managers who are diversifying their portfolios by investing in Bitcoin.

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