ckBTC to be Bridged From Internet Computer to Cosmos Via New Partnership Between Osmosis and Omnity.
20 Sep 2024, 08:00
ckBTC to be Bridged From Internet Computer to Cosmos Via New Partnership Between Osmosis and Omnity
The partnership will bring non-custodial Bitcoin to Cosmos, strengthening its interchain ecosystem.
ZURICH, Sept. 20, 2024 — The Internet Computer blockchain has announced that its Chain-Key Bitcoin ($ckBTC) non-custodial Bitcoin token will be bridged to the Cosmos ecosystem. A strategic partnership between the Omnity Network omnichain hub and the Osmosis interchain DEX and DeFi hub will make it happen.
The Osmosis DEX already has US$16 million in BTC liquidity, a cumulative trading volume of $35 billion and more than 100 separate connected blockchains. Their partnership with Omnity is expected to increase liquidity, expand the reach and functionality of ckBTC and forge a strong connection between the Cosmos and ICP ecosystems with cross-chain functionality. It will also provide unparalleled security and integration for ckBTC holders.