Kraken Unicorn News: Kraken Launches KBTC For Enhanced DeFi Engagement

Kraken Unicorn News - October 17, 2024

Kraken has introduced a new wrapped Bitcoin product, kBTC, an ERC-20 token fully backed by Bitcoin, aimed at boosting participation in the decentralized finance (DeFi) sector within Ethereum’s ecosystem. The product emphasizes transparency with verifiable on-chain reserves.

Sources
https://decrypt.co/286934/wrapped-bitcoin-wars-kraken-kbtc

Outline
(00:00:00) Introduction
(00:00:33) Kraken Unveils New Wrapped Bitcoin Product, kBTC, Amidst Industry Competition

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