Mantle has partnered with Anchorage Digital to offer secure institutional custody for its $MNT tokens on Ethereum, announced via Mantle’s official channels.
The partnership increases institutional access to Mantle tokens, potentially boosting market depth and liquidity. Initial market reactions show increased trading demand and price spikes.
Institutional Interest Spurs 25% $MNT Price Rise
Institutional investors can now directly hold $MNT, significantly increasing its appeal. The initiative is expected to encourage more institutional engagement with Mantle’s ecosystem, demonstrating confidence in its assets and promoting broader market adoption.
Historical trends suggest that such custody services can drive a notable increase in liquidity and trading volumes. Mantle observed a 25% rise in $MNT price following similar partnerships, supported by a quarterly trading volume surge of 450% on Bybit.
Anchorage’s Custodial Role in Boosting Liquidity
Anchorage Digital has previously facilitated institutional custody for assets like UNI and COMP, leading to higher market liquidity. Such events have historically resulted in ecosystem growth due to enhanced institutional participation.
Experts at Kanalcoin note that custodial partnerships such as this often lead to increased institutional adoption and asset inclusion in compliance-focused portfolios. This trend underscores a potential boost in market depth for Mantle. “We’re thrilled to unveil that $MNT is supported by Anchorage Digital’s secure custody and self-custody wallet, Porto. Global institutions can now access $MNT…” – Mantle Team, Official Twitter, Mantle.
| Disclaimer: This website provides information only and is not financial advice. Cryptocurrency investments are risky. We do not guarantee accuracy and are not liable for losses. Conduct your own research before investing. |
