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Kraken Launches Wrapped Bitcoin Token kBTC
Kraken Unveils a New Wrapped Bitcoin Product—Here’s What It Means for Defi

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Kraken Launches Wrapped Bitcoin Token kBTC

Kraken Launches Wrapped Bitcoin Token kBTC

Crypto exchange Kraken has launched its own cross-network-compatible ERC-20 representation of Bitcoin. In an Oct. 17 blog post, Kraken unveiled its wrapped bitcoin variant called kBTC — each of which will be fully backed 1:1 by an equivalent amount of actual Bitcoin held in the exchange’s custody. K…

Tikta
kbtccryptobitcoin
Kraken Unveils a New Wrapped Bitcoin Product—Here’s What It Means for Defi

Kraken Unveils a New Wrapped Bitcoin Product—Here’s What It Means for Defi

Kraken has launched KBTC, a wrapped bitcoin product fully backed 1:1 by bitcoin and compatible with multiple networks. KBTC aims to expand bitcoin’s use beyond its native chain and into decentralized finance (defi) ecosystems. Kraken Introduces KBTC to Enhance Bitcoin’s Utility Across Networks Krake…

Jamie Redman
kbtcbitcoin
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