Events & Happenings

Over 700 BTC successfully staked on Babylon with Cobo's staking API

On August 22, the Babylon ecosystem reached a significant milestone with the official activation of the first phase of its mainnet, enabling Bitcoin (BTC) staking on the Babylon network. This breakthrough not only marks a major advancement in scalability and diversified financial options within the Bitcoin ecosystem but also provides Cobo with an excellent opportunity to showcase its outstanding BTC staking API capabilities.

Cobo's BTC staking API rose to the challenge, outperforming competitors and enabling clients to stake over 700 BTC, accounting for more than 70% of the total 1,000 staking cap. Read more about how we did it!

X Spaces: BTC Staking on Babylon

Following Cobo's immense success in helping our clients secure their BTC staking allocation on Babylon, we co-hosted a live session on X Spaces, along with guest speakers from various DeFi protocols. We discussed our experiences regarding Babylon's Phase 1 BTC staking, BTCFi future trends and outlook, and also provided insights on how you can secure your next BTC staking allocation with Babylon in Phase 2. Missed it? Watch the recording here.

Hong Kong Institution Night: Industry Leaders Gather to Forge New Collaborations in the Digital Asset Space

On August 14, we co-hosted an exclusive cocktail party in Hong Kong alongside Legend Trading, RD Technologies, and Stella Pay. The event aimed at fostering industry dialogue and exploring the future of Web3 in Hong Kong. It brought together key stakeholders from traditional finance and the crypto industry, including members of the Hong Kong Legislative Council, representatives from InvestHK, crypto exchanges, and venture capital firms. Cobo remains committed to building a prosperous, secure, and compliant Web3 ecosystem in Hong Kong through ongoing partnerships with industry leaders. Read more here.

Partnerships

Cobo now supports $AUSD issued by Agora!

As a pioneering digital asset custody and wallet infrastructure provider, we are delighted to be the first to support AUSD in Asia.

This enables our clients, including many exchanges & OTC desks, to integrate AUSD seamlessly while enjoying top-tier security and efficiency with Cobo.

AUSD is a digital dollar minted 1:1 with USD fiat. AUSD is designed to be a secure digital currency, utilizing one of the world’s largest custodian banks to safeguard assets. AUSD enables users to participate in trading, lending and payments. It is the most cost-efficient stablecoin to transact with due to its gas-optimized smart contract, making it ideal for traders and payments on Cobo.