Kraken Seeks Partnership to Develop Its Layer 2 Network

Coinspeaker
Kraken Seeks Partnership to Develop Its Layer 2 Network
Reports suggesting that US-based crypto exchange Kraken is seeking partnerships to enable it to develop its own Layer 2 network solution have emerged.
Per the report, the exchange is considering a partnership with Polygon, which is noted for its Ethereum scaling solutions, to build its Layer 2 network. Matter Labs and Nil Foundation are also being appraised for the role. According to unnamed sources. Kraken will partner with one of the companies and use their technology as the basis for its Layer 2 solutions.
Asked about the development, a Kraken spokesperson stated that the exchange had no new information to share with the public at the time. “We’re always looking to identify and solve for new industry challenges and opportunities,” they concluded.
Kraken Remains Mute about Layer 2 Network Plans
What is interesting is that Kraken neither confirmed nor dispelled the rumor. Instead, the exchange is looking to empl

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