BounceBit and Binance Cooperation - A Key Breakthrough in Building the Bitcoin Ecosystem

The strategic partnership between BounceBit and Binance has become a milestone event in promoting the development of the Bitcoin re-staking field through technical integration and complementary ecological resources, mainly reflected in the following three aspects:

Institutional-Level Custody and Liquidity Support

Binance's custody institution Ceffu provides BounceBit with the MirrorX OTC settlement solution, where user assets are held in a multi-party computation (MPC) wallet, ensuring security while retaining on-chain liquidity. The deep liquidity of Binance Exchange further supports the stable operation of the $BB trading pair.

Dual Token System Backed by Binance

After Binance Labs invested in BounceBit, its dual-token PoS mechanism (BB+BBTC) received authoritative recognition. Validators are required to stake BB and Bitcoin derivative assets (such as BTCB), with Binance's ecosystem BTCB becoming the core staking target, enhancing network security.

Joint Ecological Expansion

Both parties launched the Binance Megadrop event, allocating 8% of $BB tokens to incentivize users to participate in staking, achieving a TVL of over ten million dollars in just 10 minutes after launch. Binance's technical and traffic support accelerated the landing of BounceBit's mainnet and the promotion of CeDeFi products (such as BB Prime).

Future Impact: This cooperation not only activates earning scenarios for Bitcoin but also paves the way for institutional capital to enter the market through compliant custody and exchange resources, promoting CeDeFi as a new paradigm in the crypto market. #BounceBitPrime $BB @BounceBit