{"id":173321,"date":"2024-10-17T17:02:17","date_gmt":"2024-10-17T17:02:17","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=173321"},"modified":"2024-10-17T17:02:21","modified_gmt":"2024-10-17T17:02:21","slug":"kraken-launches-kbtc-wrapped-bitcoin-on-ethereum-and-optimism-networks","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/kraken-launches-kbtc-wrapped-bitcoin-on-ethereum-and-optimism-networks\/","title":{"rendered":"Kraken Launches kBTC Wrapped Bitcoin on Ethereum and Optimism Networks"},"content":{"rendered":"
TL;DR<\/p>\n
Kraken<\/a> has officially launched kBTC<\/a><\/strong>, a new Wrapped Bitcoin<\/strong> designed to integrate into the DeFi ecosystem.<\/p>\n This ERC-20 token is backed 1:1 by real Bitcoin<\/strong>, meaning that each kBTC is securely held<\/strong> in a segregated wallet within Kraken Financial<\/strong>, a custody solution regulated by the United States<\/strong>.<\/p>\n Introducing $kBTC<\/a> \u2013 an ERC-20 token fully backed 1:1 by Bitcoin, held securely by Kraken and always verifiable onchain. <\/p>\n More possibilities. Let\u2019s take a closer look \u2935\ufe0f pic.twitter.com\/VammHbyJKm<\/a><\/p>\n — Kraken Pro (@krakenpro) October 17, 2024<\/a><\/p><\/blockquote>\n\n
More functionality.
More transparency.<\/p>\n