On October 17, 2024, Kraken, one of the leading cryptocurrency exchanges in the world, announced the launch of its own Wrapped Bitcoin token, called kBTC.
This token represents a tokenized version of Bitcoin (BTC) and promises to further strengthen Bitcoin’s position as the “epicenter of cryptocurrencies,” according to the company.
What is Kraken Wrapped Bitcoin (kBTC)?
The Kraken Wrapped Bitcoin (kBTC) is a token that represents Bitcoin held in custody by Kraken. Each unit of kBTC is backed 1:1 by an equivalent amount of real Bitcoin. This means that for every kBTC issued, Kraken securely holds one Bitcoin in custody.
This feature ensures that the value of kBTC mirrors that of the original Bitcoin, allowing users to have full confidence in its support and stability.
The kBTC is designed to be used primarily in decentralized finance (DeFi) applications and on various blockchains. This token will allow developers and users to explore new ways to use Bitcoin outsid
We współpracy z: https://en.cryptonomist.ch/2024/10/17/kraken-launches-its-own-wrapped-bitcoin-token/
