Unchained, a leading financial services company focused on Bitcoin, witnessed a 170% rise in Bitcoin-backed loans between the first and second quarters of 2023.

Additionally, the company saw an 88% increase in institutional and corporate accounts, a 67% jump in private client sign-ups, and a 260% boom in its inheritance service user base.

"Unchained is committed to providing the ease and sophistication of traditional financial services without compromising the financial sovereignty that Bitcoin enables," commented Joe Kelly, the co-founder and CEO of Unchained. 

Kelly stated that clients choose Unchained because of their advanced collaborative custody technology, which offers unparalleled control and clarity over their assets. He noted that the collapse of former competitors also contributed to Unchained’s recent growth.

2022 saw Bitcoin holders grappling with market turbulence, such as the fall of deceitful and insolvent lenders leading to losses exceeding $5 billion and causing a drastic 65% dip in Bitcoin’s price. 

The need for security and asset control is highlighted by the notable drop in the percentage of Bitcoin stored on exchanges, reaching a remarkable five-year low at 12% in the first half of 2023. Conversely, Unchained enjoyed an 88% growth in business accounts in the same timeframe.

This trend is further amplified by the demand for Unchained Signature – the company's elite service designed for high-net-worth individuals, institutions, and corporations, which saw a 67% uptick in subscriptions during the second quarter.

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