Bitwise Expands Staking Capabilities with Chorus One Acquisition
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Bitwise's strategic acquisition of Chorus One significantly enhances its staking infrastructure, now supporting over 30 blockchains including Solana, Avalanche, and emerging platforms like Hyperliquid and Monad. This move positions Bitwise as a more comprehensive service provider in the rapidly growing staking ecosystem, potentially increasing its market share and operational efficiency.
The expansion into diverse blockchain networks could pave the way for innovative financial products, such as staked ETFs, offering investors broader exposure and yield opportunities. This development reflects the ongoing institutionalization of crypto services, where consolidation and capability expansion are becoming key competitive strategies.
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