[ad_1] <br><div><div><p>Liquid staking token <a target="_blank" href="https://www.coindesk.com/price/ankr/" rel="noopener">Ankr (ANKR)</a> continues to commerce 73% greater than Tuesday's open after it introduced partnerships with know-how giants Microsoft and Tencent.</p></div></div><div><div><p>The preliminary <a target="_blank" href="https://www.ankr.com/blog/ankr-and-microsoft-partner-to-offer-enterprise-node-services/" rel="noopener">Microsoft announcement</a>, which can see the 2 firms provide assist to enterprises trying to make use of blockchain know-how, despatched value surging to $0.055 from a low of $0.033.</p></div></div><div><div><p>ANKR is the native token of the DeFi protocol of the identical title, which has about $163 million in whole worth locked (TVL), in keeping with <a target="_blank" href="https://defillama.com/protocol/ankr" rel="noopener">DeFiLlama</a>. Buying and selling quantity for the ANKR token throughout all exchanges eclipsed $1.5 billion over the previous 24-hours, in keeping with <a target="_blank" href="https://www.coindesk.com/price/ankr/" rel="noopener">CoinDesk data</a>.</p></div></div><div><div><p>The emergence of liquid staking tokens and derivatives as a bullish asset class was spurred by regulatory motion in opposition to exchanges providing conventional staking, with <a target="_blank" href="https://www.coindesk.com/policy/2023/02/09/us-securities-and-exchange-commission-sues-kraken-over-crypto-staking-services/" rel="noopener">Kraken immediately shutting all staking products</a> and paying a $30 million nice to the Securities and Change Fee (SEC).</p></div></div><div><div><p>Liquid staking derivatives, which stay untouched by regulation, have skilled a flurry of buying and selling exercise over the previous few weeks as traders try to safe a yield on their crypto holdings.</p></div></div> <br>[ad_2] <br><a href="https://www.coindesk.com/business/2023/02/22/defi-protocol-ankrs-token-surged-73-on-microsoft-and-tencent-partnerships/?outputType=amp">Source link </a>