Zug, Switzerland, 9 October 2024 – Bitcoin Suisse is pleased to announce the addition of the EIGEN token from EigenLayer to its comprehensive trading and custody services. Effective immediately, Bitcoin Suisse clients can trade and securely store EIGEN, further expanding their access to a growing range of digital assets. By integrating EIGEN, Bitcoin Suisse continues to provide its clients with a gateway to the most innovative developments in the digital asset space.
EigenLayer is a decentralized restaking protocol built on Ethereum. With the EIGEN token, the project opens the door to new possibilities in decentralized infrastructure, empowering participants to contribute to network security in novel ways: ETH stakers are enabled to enhance network security by reusing their staked ETH and ERC-20 tokens for additional services or protocols, making security more efficient across multiple networks. Moreover, EigenLayer creates a marketplace where protocols can leverage Ethereum’s robust security infrastructure without needing to develop their own. It reduces capital costs for validators, increases revenue opportunities, and strengthens Ethereum’s overall security by consolidating fragmented security pools.
The addition of EIGEN reflects Bitcoin Suisse’s ongoing commitment to expanding its asset offering with carefully selected projects that align with the future of blockchain technology. As with all assets available on the platform, clients will benefit from 24/7 trading on Bitcoin Suisse Online and Bitcoin Suisse’s industry-leading custody services.
Dominic Weibel, Head of Research of Bitcoin Suisse, interviewed the CEO of EigenLayer, Sreeram Kannan, back in May 2023 for an episode of our podcast “Uncut Gems”, shortly before restaking launched on the Ethereum mainnet. Watch the full video here to get the insights on how that new primitive is shaping the future of the crypto industry.
