The blockchain and cryptocurrency industry continues to witness significant developments, with Unchained emerging as a frontrunner in the financial services sector for bitcoin holders. In the second quarter of 2023, the company experienced remarkable growth, marked by a surge in various key metrics. This spells good news for bitcoin holders who value control, security, and transparency over their digital assets.
Unchained’s Collaborative Custody Technology Paves the Way for Exponential Growth
Unchained, a leading financial services provider for bitcoin holders, has achieved remarkable milestones in the second quarter of 2023. The company’s collaborative custody technology has empowered clients with greater control and transparency over their bitcoin holdings, leading to a significant increase in various aspects of its business.
1. Growth in Loan Backed by Bitcoin: Unchained reported a staggering 170% increase in loans backed by bitcoin. This highlights the growing trust of bitcoin holders in Unchained’s platform and underscores their confidence in bitcoin as an asset.
2. Rise in Institutional and Corporate Accounts: Unchained witnessed an 88% spike in institutional and corporate accounts. These entities recognize the importance of multi-signature asset storage to mitigate counter-party risks, further illustrating Unchained’s appeal in providing secure custodial services.
3. Surge in Private Client Subscriptions: Private clients seeking greater control over their assets subscribed to Unchained’s private client subscriptions, leading to a notable 67% leap in subscriptions during the second quarter.
4. Increase in Inheritance Service Clientele: Unchained’s inheritance service, addressing the needs of clients with a desire for legacy planning, experienced an exceptional surge of 260% in clientele. This further highlights the level of trust and confidence placed in Unchained’s custodial services.
Unchained’s success can also be attributed to the collapse of competing custodians in the market, as bitcoin holders look for alternative platforms offering superior security and control. Additionally, the decrease in the proportion of bitcoin held on exchanges suggests a growing desire for greater asset security and control.
Unchained’s impressive growth during the second quarter of 2023 is a testament to the industry’s increasing confidence in bitcoin as an asset, as well as the trust placed in Unchained’s collaborative custody technology. The company’s remarkable expansion in loans backed by bitcoin, institutional and corporate accounts, private client subscriptions, and inheritance service clientele solidifies its position as a leading player in the financial services sector for bitcoin holders.
As the blockchain and cryptocurrency industry continues to evolve, it is exciting to witness companies like Unchained paving the way for greater control, transparency, and security in the management of digital assets. With the regulatory landscape constantly changing, Unchained’s robust offering stands to benefit both individual and institutional bitcoin holders seeking a reliable and trustworthy custodial solution.