October Recap - Celestia, Polygon MATIC, Crypto Payments at PostFinance, new Research Publications

Products & Services

Bitcoin Suisse is one of the first crypto financial service providers to support Celestia

Right from the launch of Celestia protocol, which was introduced on October 31, 2023, Bitcoin Suisse offers its clients trading, staking, and custody services for the network's native token, TIA. Celestia is the first modular blockchain network. In contrast to traditional blockchains, bundling consensus and application layers, Celestia separates these components. The modular architecture provides greater flexibility and scalability for decentralized applications, allowing developers to create specialized blockchains that operate in their application environments while simultaneously benefiting from Celestia's consensus layer. Trading of TIA is available through the Relationship Manager and Bitcoin Suisse Online, whereas the standard minimum trading amount of CHF 200 applies. To stake Celestia, a minimum staking amount of CHF 5’000 worth of Celestia is required. The Celestia staking rewards currently stand at 25%.

Out now: MATIC Staking at Bitcoin Suisse

Bitcoin Suisse recently announced the introduction of MATIC Staking. Staking MATIC, the native token of Polygon, is now offered in addition to the existing trading and custody services for MATIC, completing Bitcoin Suisse's Polygon offering. The staking rewards for MATIC are currently at 4.9%. To stake MATIC, a minimum investment of CHF 5’000 worth of MATIC is required. 

→ Learn more about MATIC Staking here.

Bitcoin Suisse & Worldline

Worldline recently announced that another significant Swiss payment service provider, PostFinance, will offer the Worldline Crypto Payments solution (available in German). Worldline Crypto Payments is available on PostFinance’s e-commerce platform, "Checkout Flex", now allowing payments with Bitcoin, Ethereum, via the Bitcoin Lightning Network, as well as the Stablecoins XCHF, USDC and USDT. Worldline Crypto Payments is offered in collaboration with Bitcoin Suisse.

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Company & Industry Highlights

New: Bitcoin Suisse Research on Refinitiv und The Tie

In our June Recap, we shared the exciting news that our Bitcoin Suisse Research publications had become a part of the global Bloomberg network by being featured on Bloomberg Digital Assets. We are happy to further extend our reach as Bitcoin Suisse Research can now also be accessed through Refinitiv, one of the world's major providers of financial market data and infrastructure, and The Tie, a prominent information service provider specializing in digital assets.

Case Study on enhancing Security through automated compliance processes

Security is a top priority at Bitcoin Suisse. In partnership with Elliptic, a provider of analytical tools for blockchain screenings, we have automated our Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) processes, complementing our standard control mechanisms. This includes features such as wallet screening and transaction monitoring, enabling Bitcoin Suisse to receive alerts regarding suspicious transactions. Elliptic has recently released a case study highlighting these analytical processes.

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Research

Exploring Supply Transparency: First joint research publication

The first joint publication of Coin Metrics and Bitcoin Suisse focuses on transparency. The latter allows holders to authenticate the integrity, liquidity, concentration, and user base of assets like Bitcoin and Ethereum. It introduces the concept of “Free Float Supply”, a critical metric for assessing an asset's liquidity and market capitalization accurately. It delves into the characteristics of asset holders based on their ownership duration, shedding light on the asset's primary use as a store of value or a medium of exchange. The report also offers insights into ownership dynamics at the address level, revealing the distribution of wealth and the balance between retail and whale investors across various digital assets.

How tokenization connects traditional and digital assets

In the latest edition of Decrypt, Crypto Researcher & Analyst Dominic Weibel explores the digitalization of real-world assets (RWAs). Off-chain assets have taken center stage in the industry, and Decrypt explains why this is a cause for celebration. The tokenization of RWAs in the crypto world is gaining importance as major institutional players like JP Morgan, BlackRock, and Goldman Sachs invest in the space. This tokenization bridges off-chain assets with DeFi (Decentralized Finance), offering more efficiency, transparency, and accessibility compared to traditional financial structures. This promotes collaboration between the traditional and decentralized financial worlds. The RWA sector is poised for exponential growth and is estimated to become a market with a volume of 16 trillion by 2030, representing only 2% of the total global assets.

Videointerview with Namada Co-Founder Christopher Goes

In this episode, Dominic Weibel from Bitcoin Suisse Research talks to Christopher Goes, co-founder of Heliax, Namada, and Anoma. In the insightful glimpse into innovative developments, Dominic and Christopher discuss Namada's robust privacy features and how they can revolutionize the industry. The conversation covers topics related to implementing privacy for new accounts, retrofitting privacy for existing assets, and creating a public good for privacy in the blockchain world.

The latest news at a glance

Stay informed about developments in the world of crypto with the Weekly Wrap from Bitcoin Suisse every Friday. You can subscribe for the Weekly Wrap here.

October’s editions at a glance:

• 6 October: Quiet Week with Eyes on USA
• 13 October: Crypto Markets Down as SEC Grayscale Appeal Deadline Looms
• 20 October: Spot ETF Excitement, Geopolitical Concerns, Rising Treasury Rates, Earnings Reports, and Ripple's Legal Win
• 27 October: News around BlackRock's ETF application, Grayscale's GBTC discount to NAV melting, BTC spot driven rally