1. Home
  2. kbtc

kbtc

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 DefiKraken 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 Kraken’s KBTC is an ERC20 token that allows bitcoin (BTC) to interact […]

Bitcoin bears turn ‘giddy’ at prospect of sub-$60K BTC price

US-Based Crypto Exchange Announces Launch of New Kraken Wrapped Bitcoin (kBTC)

US-Based Crypto Exchange Announces Launch of New Kraken Wrapped Bitcoin (kBTC)

The second largest US-based crypto exchange by trading volume is launching a new 1:1 Bitcoin (BTC)-pegged token. According to a new announcement, Kraken just dropped Kraken Wrapped Bitcoin (kBTC), a wrapped BTC token fully backed by the exchange. “We are thrilled to launch Kraken Bitcoin (kBTC), a fully backed, cross-network-compatible ERC-20 representation of Bitcoin custodied […]

The post US-Based Crypto Exchange Announces Launch of New Kraken Wrapped Bitcoin (kBTC) appeared first on The Daily Hodl.

Bitcoin bears turn ‘giddy’ at prospect of sub-$60K BTC price