UNCHAINED Surges with Remarkable 170% Growth in Bitcoin Loan Activity

Unchained, a pioneering force in financial services catering to Bitcoin holders, has showcased an extraordinary surge in its operations during the initial half of 2023.

An impressive 170% spike in loans backed by Bitcoin during this period stands as a testament to Unchained's commitment to delivering seamless financial services while upholding the fundamental financial sovereignty that Bitcoin empowers.

Notably, Unchained also witnessed substantial increments in institutional accounts, corporate engagements, private client subscriptions, and its inheritance service clientele.

A Promising Start

The trajectory of Unchained's journey during the first half of 2023 speaks volumes of its role as a leader in Bitcoin-focused financial solutions.

As revealed through a press release communicated to Bitcoin Magazine, Unchained's Bitcoin-backed loans experienced an impressive 170% upswing between the first and second quarters of the year.

The company's success story doesn't stop there. An 88% surge in institutional and corporate accounts, along with a noteworthy 67% leap in private client subscriptions, echoes the resonance of Unchained's tailored services in a swiftly evolving landscape.

A Vision of Empowerment

Joe Kelly, Co-Founder, and CEO of Unchained, emphasizes the driving philosophy behind the company's rapid ascent. He elucidates that Unchained is steadfast in delivering the convenience and sophistication synonymous with conventional financial services.

This commitment, however, doesn't come at the expense of the financial autonomy that Bitcoin offers. Unchained's collaborative custody technology takes center stage, offering a means for clients to wield unprecedented control and transparency over their funds.

The fall of competitors who functioned as third-party custodians, though unfortunate, turned out to be an unintentional boost for Unchained's unique value proposition.

A Dynamic Landscape

The recent past brought a roller-coaster ride for Bitcoin holders, marked by incidents like the collapse of insolvent and fraudulent lending platforms, resulting in losses of over $5 billion and a steep 65% plunge in BTC's value.

In this context, Unchained's meteoric rise amid the storm underlines the faith BTC holders have in both the platform's reliability and the enduring strength of Bitcoin as an asset class.

Shifting Priorities

The push for enhanced security and asset control is evident in the significant shift in the distribution of Bitcoin holdings. During the first half of 2023, the proportion of Bitcoin held on exchanges plummeted to an impressive five-year low of just 12%.

In contrast, Unchained witnessed a remarkable 88% expansion in its business accounts over the same period. The allure of collaborative custody services, a niche where Unchained stands as the sole US-licensed provider for businesses, persists amongst institutional and corporate holders.

Multi-signature asset storage emerges as an effective strategy to mitigate counter-party risks, further emphasizing Unchained's strategic value proposition.

A Premium Touch

The surge in Unchained's activity also extends to its premium offering, Unchained Signature. Tailored for high-net-worth individuals, institutions, and corporations, this service experienced a robust 67% increase in subscriptions during Q2.

This exceptional growth underscores the resonance of Unchained's tailored solutions among discerning clients who seek a balance between sophisticated financial services and the empowerment Bitcoin enables.

Conclusion

Unchained's remarkable surge in the first half of 2023 showcases not only its own growth but also the evolving dynamics within the realm of Bitcoin-backed financial services.

As Unchained empowers clients with innovative custody solutions, it simultaneously reflects the broader shift towards financial sovereignty and enhanced asset management within the dynamic world of cryptocurrency.