United States-based cryptocurrency exchange Kraken is mulling launching its own layer-2 network, CoinDesk reported, citing people familiar with the matter.
According to the report, the crypto exchange is considering using the technology of several blockchain firms, including Polygon Labs, Matter Labs, and Nil Foundation, as the base for the new network.
Kraken Considers Launching Layer-2 Network
The unnamed sources said discussions surrounding Kraken’s intentions to launch a layer-2 network are still ongoing, and there may be other teams involved.
“We’re always looking to identify and solve for new industry challenges and opportunities. We don’t have anything further to share at this time,” a Kraken spokesperson said.
While Kraken has refrained from confirming or denying the rumor about the layer-2 network launch, the exchange has recently added a job posting and is looking to hire a “Senior Cryptography Engineer.” In describing the employee’s role, Kraken revealed that
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