Kraken Launches KBTC: A New Wrapped Bitcoin for DeFi Ecosystems

Kraken has introduced KBTC, a wrapped bitcoin product that is completely backed 1:1 by bitcoin and designed to work across various networks. The objective of KBTC is to broaden the utilization of bitcoin beyond its original blockchain and into decentralized finance (DeFi) platforms. Kraken Unveils KBTC to Boost Bitcoin’s Functionality Across Networks Kraken’s KBTC is an ERC20 token that enables bitcoin (BTC) to function […]