Bitcoin Well Partners With AnchorWatch
Bitcoin Well Inc., a non-custodial bitcoin business, has announced an agreement with AnchorWatch. This provider of Bitcoin-native custody and insurance solutions will enable Bitcoin Well to diversify its revenue through recurring referral fees. The agreement also expands options for customers seeking additional protection for their bitcoin.
The multisignature model used by AnchorWatch ensures that no single party can unilaterally move a customer's bitcoin, while supporting needs such as insurance and inheritance planning. Most AnchorWatch services will be available to eligible customers in Canada and the United States, but insurance products will only be available in the United States.
By connecting customers directly with AnchorWatch, Bitcoin Well can generate additional value from its customer relationships without building custody infrastructure or holding customer assets. This represents a capital-efficient growth opportunity that complements Bitcoin Well's non-custodial business model and adds revenue potential beyond individual bitcoin transactions.