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

by SB Crypto Guru News
October 17, 2024
in DeFi
Reading Time: 1 min read
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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 […]



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