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 o

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