The post EOS Network Foundation partners with Binance’s Ceffu to advance CeDeFi and strengthen asset security appeared on BitcoinEthereumNews.com.

EOS Network Foundation (ENF) announced its partnership with Ceffu in one of the most exciting crypto links. Ceffu is an institutional partner of Binance, and this arrangement will support the EOS mainnet. The partnership will be critical in unlocking the new CeDeFi opportunities for EOS token holders while providing institutional-grade custodian services. Ceffu’s advanced custody infrastructure guarantees the institution’s safety on its EOS assets. Relying on multi-party computation and customized approval schemes highlights how seriously the firm has taken security matters.  The arrangement will allow institutional fund handlers to use CeDeFi strategies that grasp the best of CEX and DeFi ecosystems. Through Binance liquidity and robust trading styles, EOS token holders can access the innovative yield solution tailored to institutional needs. With this partnership, though, there is a growing focus on institutional solutions. EOS seems to alienate retail holders and small-scale entities, so this partnership may bring very few benefits to small-scale blockchain users. EOS remains one of the top blockchain platforms With EOS featured on the Coinbase COIN50 index, its popularity and interest are growing among institutions. This recognition shows that EOS is among the leading blockchain platforms and an integral player in the crypto ecosystem. According to Yves La Rose, Founder & CEO of EOS Network Foundation, Ceffu’s integration with EOS represents an important step in building the infrastructure necessary to support institutional engagement at scale. He added that by partnering with Ceffu, they are creating new pathways for institutions to participate securely in the EOS ecosystem and benefit from its evolving opportunities. The EOS network is significant in this partnership. The third-generation blockchain that operates on the EOS virtual machine is set for high-speed and low-cost transactions. The design supports seamless Web3 for all players, developers, and users alike. Even though the partnership looks good, Ceffu’s ties…

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Filed under: News - @ December 5, 2024 11:28 pm