The integration of Core and KODA marks a significant step forward in institutional adoption of Bitcoin products in Korea, providing new opportunities for staking.
New Opportunities for Institutional Investors
As a result of the integration, users will gain access to CORE, the native token of the Core blockchain, allowing for the development of regulated Bitcoin staking services in Korea. This is particularly important against the backdrop of growing institutional interest in cryptocurrencies in the region.
Significance of the Integration for the Industry
KODA's and Core's integration opens the first support for a Bitcoin-scaling network in Korea, expanding DeFi opportunities and fostering new innovations. This collaboration highlights efforts to enhance blockchain scalability and security for institutional investors.
Prospects for Bitcoin Staking in Korea
Core is built to unlock Bitcoin staking, something previously possible only through centralized platforms. Since April 2024, over 6,000 BTC have been staked with Core. With KODA's integration, Korean institutions will have the opportunity to explore Bitcoin yield without relinquishing control over their assets.
The integration of Core and KODA will become an important step towards further expanding Bitcoin products in Korea, improving regulation, and increasing institutional interest.
